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.
According to the Chera poets, Senguttuvan was their greatest king. He is also known as the Red or Good Chera. He led many successful military expeditions. He has also been mentioned in the post-Sangam text, Silappadikaram.
During the reign of Dhruva (c. 780 – 793 CE), the Rashtrakuta kingdom expanded into an empire that encompassed all of the territory between the Kaveri River and Central India. He led successful expeditions to Kannauj and defeated the King Nagabhatta II. He also defeated the Palas of Bengal (Dharmapala).
EXAMIANS