Question

What is Banker to the government?
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Answer 1

• Answer:
• Banker to the government function is done by central banks like the RBI. ... It holds custody of the cash balance of the government, gives temporary loans to both central and state governments and manages the debt operations of the central government.

Answer 2

Answer:

Banker to the government function is done by central banks like the RBI. It holds custody of the cash balance of the government, gives temporary loans to both central and state governments and manages the debt operations of the central government.