In the Battle of Vatapi, the Pallava ruler Narsimhavarman I defeated and killed Pulakesin II and captured the Chalukyan capital, Badami in 642 AD. Thus, he assumed the title of ‘Vatapikonda’ (Conqueror of Vatapi).
Earliest evidence of Banking in India is found from the period of Vedic Civilization. During those days, loan deeds called rnapatra (ऋणपत्र) or rnalekhya (ऋणलेख्य) were prevalent. Interest rates as well as usury (सूदखोरी) was prevalent in Vedic India. The Vedic word Kusidin refers to an usurer (सूदखोर).This term is also found in Manusmriti.
EXAMIANS