Contents Preface vii Introduction: Money, Banking and Finance in India since early Medieval Times AMIYA KUMAR BAGCHI ix Money, Market and Indian Feudalism: AD 600-1200 KRISHNA MOHAN SHRIMALI 1 The System of Credit in Mughal India OM PRAKASH 40 The Monetary Basis of Credit and Banking Instruments in the Mughal Empire NAJAF HAIDER 58 A Note on Interest Rates in the Seventeenth and Early Eighteenth Centuries SHIREEN MOOSVI 84 Money and Banking under the Marathas: Seventeenth Century to AD 1848 A.R. KULKARNI 93 Indigenous Banking and Commission Agency in India's Colonial Economy RAJAT KANTA RAY 118 Rise of Modern Banking in the Princely States of India: The Case of the Bank of Baroda DWIJENDRA TRIPATHI 131 The Depression Years: Indian Capitalists' Critique of British Monetary and Financial Policy in India, 1929-39 ADITYA MUKHERJEE 149 CONTENTS Reforming Rural Credit: Experience under the Fazlul Huq Ministry in Bengal MANZUR AHSAN 17 Money and Finance in the Periphery: A Tool of Expropriation in Colonial India SUNANDA SEN 18 B.K. Dutt: A Development Banker from Bengal INDRAJIT MALLICK 203 Contributors 219 Index