An individual or private firm receiving deposits and dealing in Hundies or lending money is called

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Indigenous bankers are individuals or private firms that engage in the activities of receiving deposits, dealing in Hundies (traditional Indian financial instruments), and lending money. They are a part of the informal financial sector in many parts of India and have been a significant source of credit, especially for small businesses and rural areas.

An Individual or Private Firm Receiving Deposits and Dealing in Hundies