Question

why is Reserve Bank is called as mother's Bank​

Answer 1

It does so by controlling the flow of money in the economy. When other banks are in a problem, they approach the Central Bank for assistance. Hence it is also called as a banker's bank. In India, the Reserve Bank of India is the Central Bank.

Answer 2

Hii

ANSWER:-

✔IT IS APEX BANK OF INDIA WHICH MONITORS ALL TRANSACTIONS MADE THROUGH BANKS

✔RBI CHECKS THAT BANKS PROVIDE LOANS NOT JUST TO RICH ENTERPRISE BUT ALSO TO POOR MIDDLE CLASSES

✔RBI CHECKS THE AMOUNT KEPT BY BANK

✔RBI ISSUES CURRENCY.

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