Publisher's Synopsis
This is the first comprehensive analysis of the working of organized money in India and the role it played in the real economy of the country during the high noon of British rule. The author examines the operation of three of the banks set up by the British in India. Known as the presidency banks, these were merged into the Imperial Bank of India in 1921, subsequently renamed the State Bank of India.
Based on rare documents from the Bank′s archives, the book studies the operations of the banks over the period 1876-1920 and their relations with industry, agriculture, foreign and domestic trade, and the informal money market.
