Abstract

Banking and credit systems were fairly well advanced in pre-colonial India. Large amounts of capital for commercial credit were also available—though at some cost in terms of high interest rates. This article illustrates these conditions by a study of the banking and other activities of the house of Jagat Seths of Bengal in the mid-eighteenth century.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.