Local Government in Ancient India c9.s2.11

c9.s2.11

But these rural banks, besides receiving and paying interest on deposits, were also competent to borrow money at interest on occasions of necessity. Such occasions for borrowing are recorded, for instance, in the Southern epigraphs, nos. 397 of 1913 and 279 of 1909. In the one case the capitalist creditor was the temple itself, and in the other case an individual.