Yes, the Reserve Bank of India can be considered the bakers bank. It is the bank that governs all banks that operate in india and is considered the bank for all commercial banks. If let us say SBI Bank is short of funds, they can borrow from RBI.
Usually the central bank of a country is called the bank of banks or the banker of banks. When normal banks have a shortage of cash or need some funds or guidance, they go to the central bank. That is why they are called so. In india, the Reserve Bank of India is the bank of all other banks in India.
reserve bank of India
the bankers bank in India is RESERVE BANK OF INDIA known as RBI
No. Reserve Bank of India is the central bank of India. It is not a regular commercial bank. It supervises and regulates the working and operations of all commercial banks in India. It has been in existence since the British Rule in India.
Answer :-It is the rate at with Reserve bank of India allows commercial bank to borrow money from the Reserve bank of India as per their eligibility for refinance.
Reserve bank of India is the Banker to the Banks. Reserve bank of india,is not open for normal customers.For customers, the biggest bank is State Bank of India.
Reserve Bank of Bangladesh ,,
branches of reserve bank in India
Usually the central bank of a country is called the bank of banks or the banker of banks. When normal banks have a shortage of cash or need some funds or guidance, they go to the central bank. That is why they are called so. In india, the Reserve Bank of India is the bank of all other banks in India.
The Reserve Bank of India
Reserve bank of India
Reserve Bank of India was created on 1935-04-01.
reserve bank was established in 1952
reserve bank was established in 1952
No. The Reserve Bank of India is not a normal bank that offers bank account facilities to customers. It is the central bank of India and it supervises the banking operations of all the banks in the country. They are the banker to all the banks in the country and do not take up customer requests for bank accounts.
reserve bank of India
the bankers bank in India is RESERVE BANK OF INDIA known as RBI