What was the role of Indian bankers in managing their funds?

  • Bankers like Shikaripuri Shroffs and Nuttukottai Chettiars were amongst the many groups of bankers and traders who financed export agriculture in Central and South east Asia.
  • They used either their own funds or those borrowed from European banks.
  • They had a sophisticated system to transfer money over large distances, and even developed indigenous forms of corporate organisation.