Business Studies, asked by Debangshu6664, 10 months ago

Name the bank which is termed as bankers’ bank.

Answers

Answered by Varniktyagi13
0

Hope this answer help you and also it make me brainlist

According to Merriam-Webster, a bankers' bank is: “A bank that deals only with other banks,” or “a central bank (such as a U.S. Federal Reserve bank or the Bank of England).”

Answered by rosey25
2

Answer:

As an apex bank, RBI acts as as the banker's bank also. All the commercial banks in India are supposed to keep a cash reserve ratio with this bank. Commercial banks create credit.

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