By amalgamation, on the 31st March 2006, of the following 5 banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts.

• Sri Visakha Grameena Bank: 
  Established on 30.09.1976

• Nagarjuna Grameena Bank:
  Established on 30.04.1976

• Sangameswara Grameena Bank:
  Established on 31.03.1982

• Manjira Grameena Bank: 
  Established on 31.03.1982

• Kakathiya Grameena Bank: 
  Established on 28.06.1982