Name the bank which is termed as bankers’ bank.
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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).”
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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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