
With Co-Operation of Businessmen and Traders who were in Chemicals, Cotton Clothes and Dyes , The Ahmedabad Colour Merchants Association has decided to open a Co-operative Bank in their annual meeting of 27.07.1970. To execute their vision they were appointed to Mr. P.G. Shah as a Chairman and to collaborate him, Shree Kantilal Ratanchand Shah , Mukundbhai Laxmishankar Trivedi, Jayantilal Laxmiprasad Trivedi, Chimanlan M. Patel, Arjundev Khanna and Jayantilal Chotalal Gandhi were selected.
The purpose was to open a bank is to give financial support and grow their Business, who is into Color Manufacturing and its Trading, Printing on Clothe Materials and other small entrepreneurs.
Inauguration by Shree Arvind Narottam (Lalbai) Bank has started its operations on 1st May of 1971.