Q. Which of the following is/are indigenous banker/s?
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: C

Explanation: Indigenous Bankers: Indigenous bankers receive deposits and lend money in the capacity of an individual or private firm. There are, basically, four such bankers in the country functioning as non-homogenous groups:

  • Gujarati Shroffs: They operate in Mumbai, Kolkata as well as in industrial, trading and port cities in the region.
  • Multani or Shikarpuri Shroffs: They operate in Mumbai, Kolkata, Assam tea gardens and North Eastern India.
  • Marwari Kayas: They operate mainly in Gujarat with a little bit of presence in Mumbai and Kolkata.
  • Chettiars: They are active in Chennai and at the ports of southern India.

Source: Ramesh Singh