the earlier evidence of banking transaction in india comes from
History of banking In ancient India there are evidences of loans from the Vedic period (beginning 1750 BC). Later during the Maurya dynasty (321 to 185 BC), an instrument called adesha was in use, which was an order on a banker desiring him to pay the money of the note to a third person, which corresponds to the definition of a bill of exchange as we understand it today. During the Buddhist period, there was considerable use of these instruments. Merchants in large towns gave letters of credit to one another.[68][69][70]
Pandyan Grama Bank Pandyan Grama Bank (Tamil: பாண்டியன் கிராம வங்கி) is a Scheduled public sector bank in Tamil Nadu established under Regional Rural Bank Act 1976. It was founded on 9 March 1977 at Sattur, then later shifted to Virudhunagar on 16 July 1993. It had been issued and paid up a share capital of one crore of rupees by Government of Tamil Nadu (15%), Government of India (50%) & Indian Overseas Bank(35%).[1] Primary objective of the bank is to finance for agricultural and non-agricultural sectors in rural area. National Bank for Agriculture and Rural Development (NABARD) had awarded an A rating to Pandyan Grama Bank in recognition of its performance.