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.
Sabha or Mahasabha during the Chola empie referred to the exclusive assembly of Brahmans/gatherings of the adult male members in the agraharas, that is, the rent free brahmadeya villages. These assemblies enjoyed a large measure of autonomy.
EXAMIANS