Social Sciences, asked by yash54214, 1 year ago

which bank is called as bankers Bank​

Answers

Answered by Synaya
3
RESERVE BANK OF INDIA IS KNOWN
AS BANKERS BANK

anujss: yes i also thinks that
Answered by Anonymous
35
 \huge \mathfrak {\red {Answer}}

 \huge \mathfrak {\red {Banker\:of\:banks}}

 \bf {what\:does\:it\:mean?}

A central bank of a country is referred to as Banker's Bank.

A Central Bank is a bank of other commercial banks of the country. It grants loans to the commercial banks to fulfil their needs of funds and also accepts their deposits. It is not for the common people of the country.

A Central bank maintains same relation with the commercial banks as commercial banks have with general public.

In India  \huge \mathfrak {\red {Reserve\:Bank\:Of\:India}}  \bf {RBI} is the Bankers bank of our Nation.
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