Heaps of non-performing loans, cash crunches and money laundering have weighed down Bangladesh's current banking sector. The present state of this sector is gloomy and fragile. However, 300 years ago, this sector was more systematically controlled by a single man named Jagat Seth.  Heaps of non-performing loans, cash crunches and money laundering have weighed down Bangladesh's current banking sector. The present state of this sector is gloomy and fragile. However, 300 years ago, this sector was more systematically controlled by a single man named Jagat Seth.  Heaps of non-performing loans, cash crunches and money laundering have weighed down Bangladesh's current banking sector. The present state of this sector is gloomy and fragile. However, 300 years ago, this sector was more systematically controlled by a single man named Jagat Seth.  
Even though the descendants of Jagat Seth were seen as the masterminds of hatching the Plassey conspiracy – shaking hands with Mir Jafar and the British imperialists – they are less recognised for their excellence in trade and banking. They emerged at a time when there was no conventional bank in the subcontinent.

The family of traders controlled half of Bengal's economy and became the financial advisor to the nawabs. Even though the descendants of Jagat Seth were seen as the masterminds of hatching the Plassey conspiracy – shaking hands with Mir Jafar and the British imperialists – they are less recognised for their excellence in trade and banking. They emerged at a time when there was no conventional bank in the subcontinent.

The family of traders controlled half of Bengal's economy and became the financial advisor to the nawabs.

The family's prosperity reached its peak during the time of Fateh Chand. However, the family's legacy was set out by Hirand Sahu, who turned into a money lender from a jeweler after travelling all the way from Naguar to Patna in search of a better living.

Hirand was a great financial manager. During his time, Patna was a prosperous city and an important business hub because of its riverways used for trade.