The Vakatakas or the Vindhyakas as they are called in the Puranas ruled after the fall of Andhra- Satavahanas in the Vidarbha region around 3rd C.A.D to 6th C.A.D. The original centre of their power lay in the Vindhyan region of Madhya Pradesh to the north of the Narmada from where they moved southward to Vidarbha and other regions of Maharashtra, Andhra Pradesh and Karnataka and exercised tremendous influence over wide areas of the Deccan. They had matrimonial relations with the Imperial Guptas, the Kadmabas of Karnataka and Vishukundins of Andhra Pradesh. Vakataka period was the period of peace and prosperity like Gupta period in North, which resulted in literary and artistic developement and witnessed great strides in the growth of Prakrit literature and the development of the Mahayana phase at Ajanta. In earlier times the scholars like V.V.Mirashi, had worked on this topic, But still original home and chronology is not clear. Recent Scholars like Ajay Mitra Shastri have tried to throw some light on it with some recent discoveries of inscriptions. In this paper I intend to study religious history of Vakataka period through inscriptions. Vakataka rulers were Brahmin and their inscriptions showed the influence of Vedic and Pauranic religion. This period was called Golden period in North because of the Gupta dynasty with whom they have matrimonial relations. Their influence is clearly seen in inscriptions as Gupta genealogy is also mentioned various times in the inscriptions. This period was also the period of Mahayana Buddhism in Andhra Pradesh, which was adjacent to Vakataka dynasty. In Art and Architecture it can be clearly seen by the Mahayana phase of Ajanta. But very few references of Buddhism hardly two inscriptions of Ajanta are related to Buddhism. The Inscriptions or copper-plates are mostly the grants given to Brahmanas.