Explanation: Indigenous Bankers: Indigenous bankers receive deposits and lend money in the capacity of individual or private firms.

There are, basically, four such bankers in the country functioning as nonhomogenous groups:

(a) Gujarati Shroffs: They operate in Mumbai, Kolkata as well as in industrial, trading and port cities in the region.

(b) Multani or Shikarpuri Shroffs: They operate in Mumbai, Kolkata, Assam tea gardens and North Eastern India.

(c) Marwari Kayas: They operate mainly in Gujarat with a little bit of presence in Mumbai and Kolkata.

(d) Chettiars: They are active in Chennai and at the ports of southern India.

Source: TMH Ramesh Singh