The Nawab of Bengal was the hereditary ruler of Bengal Subah in Mughal India. In the early 18th-century, the Nawab of Bengal was the de facto independent ruler of the three regions of Bengal, Bihar and Orissa which constitute the modern-day sovereign country of Bangladesh and the Indian states of West Bengal, Bihar and Odisha. The Bengal Subah reached it's peak during the reign of Nawab Shuja-ud-Din Muhammad Khan. They are often referred to as the Nawab of Bengal, Bihar and Orissa. The Nawabs were based in Murshidabad which was centrally located within Bengal, Bihar, and Odisha. Their chief, a former prime minister, became the first Nawab. The Nawabs continued to issue coins in the name of the Mughal Emperor, but for all practical purposes, the Nawabs governed as independent monarchs. Bengal continued to contribute the largest share of funds to the imperial treasury in Delhi. The Nawabs, backed by bankers such as the Jagat Seth, became the financial backbone of the Mughal court.