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.
The Nanda dynasty ruled in northern part of the Indian subcontinent during the 4th century BCE, and possibly during the 5th century BCE. In 326 BC, Alexander invaded India, after crossing the river Indus he advanced towards Taxila.
EXAMIANS