The inception of GCCB started in January 1924. Well known members of the Co-operative sectors of Gujarat met together in a meeting under the leadership of Late Khansaheb Rustomji Ratanji Dalal. Honourable persons from all over Gujarat were present in the meeting and as a fruit of this, the GCCB was setup.
Initially 40 shares were bought by Rustomji at a price of Rs. 1000 to encourage the general public to take part in this movement. Many other renowned people bought the shares after this and hence, a resonable fund was gathered for the startup of the bank. Thus, the bank was formed on March 07, 1924. The bank had its first ever General Meeting on 5th March 1925.
At the time of meeting, the total bank share was Rs. 2900 which included 12 board members. The prime goal of the bank was to help small businessmen, servicemen and other needy people who wanted to excel financially and hence to develop the city of Godhra. The purpose is being served even today and we feel proud to share this information with our valuable customers.