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