4.who set huge banking houses at Surat?
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katahiawad seths was set on huge banking houses at surat.
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The Katahiawad seths or mahajans [money changers] had huge banking houses at Surat. The Surat hundis were honored in far-off markets of Cairo in Egypt, Basra in Iraq and Antwerp in Belgium. Surat began to decline towards the end of the seventeenth century. This was because of many factors:
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