Question

Who will act as the banker to the government of india?

Answer 1

Here is your answer
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Reserve bank of India

Answer 2

Answer:

Reserve Bank of India act as banker to the government of India

Explanation:

RBI is India’s central bank of India. It is control of the regulation and supply of the currency in the Indian market. The headquarters is situated in Maharashtra. It is the "apex body" of the country which regulates banks and other financial services to the nation. This bank performs following functions;

• Issuing and currency and proper monetary of its regulation.
• Work as a bank to the ruling government and provides all types of banking facilities.
• It consolidates the supervision of the financial sector
• It also deals with the payment and settlement system of the banking services which is very much important for economic efficiency.