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Palmer and Company

An Indian Banking Firm in Hyderabad State

Bibliographic Data

ID3645693
AuthorsKaren Leonard (University of California, Irvine, corresponding author)
Year2013
Volume47
Issue4
Pages1157-1184
Publication date2013-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueModern Asian Studies (JOURNAL)
Journal identifiersISSN: 0026-749X • E-ISSN: 1469-8099
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0026749x12000236
OpenAlexW2323021779
LanguageEN
Citations received3
References cited12

Although the misreading of Hyderabad's early nineteenth century banking firm, Palmer and Company, as scandalous, illegal, and usurious in its business practices was contested at the time in Hyderabad, and at the highest levels of the East India Company in both Calcutta and London, such conspiracy theories have prevailed and are here challenged. The Eurasian William Palmer and his partner, the Gujarati banker, Benkati Das, are best understood as indigenoussahukarsor bankers. Their firm functioned like other Indian banking firms and was in competition with them in the early nineteenth century as Hyderabad State dealt with the increasing power of the British East India Company and its man-on-the-spot, the Resident. Historians need to look beyond the English language East India Company records to contextualize this important banking firm more accurately

Business · Competition (biology · Economic history · Gujarati · Indigenous · Political science · Power (physics · State (computer science · African studies and sociopolitical issues · Colonialism, slavery, and trade · History · Islamic Finance and Banking Studies

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Unique citing works3
Citations per year0,27
Citation span2015 - 2020 (6)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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