answersLogoWhite

0

Why a bank is called a bank?

Updated: 9/25/2023
User Avatar

Wiki User

8y ago

Best Answer

If consider the functionality or the roles in banking industry, only to very limited extend, there is nothing wrong to consider the Reserve Bank of India as Central Bank or Apex Bank with a connotation as Bankers' Bank. But, in these days, Reserve Bank of India is much more than these two terms.

User Avatar

Darian Altenwerth

Lvl 10
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why a bank is called a bank?
Write your answer...
Submit
Still have questions?
magnify glass
imp