answersLogoWhite

0

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.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Which bank is known as bankers bank?

hdfc


Is AXIS BANK nationalised bank or not?

no its a private bank now and earlier it was a public bank known as UTI bank


What bank was formerly known as Imperial Bank?

State Bank of India, earlier name was Imperial bank


What Bank's ATM are known as money plant?

Karnataka Bank


Who sang the song The High Bank?

There is no well known or widely released song known as "The High Bank." There is, however, a band known as "The High Bank Ramblers." Their most popular song is "Stealin.'"


What did the Medici do?

The Medici family was well - known for their bank. While the title of the bank is hard to find, the bank was well known for being the most popular bank of the 15th century. They were also well known for funding art and architectural projects. Lorenzo'de Medici was a well known artist.


What do Medici do?

The Medici family was well - known for their bank. While the title of the bank is hard to find, the bank was well known for being the most popular bank of the 15th century. They were also well known for funding art and architectural projects. Lorenzo'de Medici was a well known artist.


Which bank is called Bankers Bank in India?

the bankers bank in India is RESERVE BANK OF INDIA known as RBI


Who owns Ally Bank?

Ally bank is part of GMAC and was formerly known as GMAC Bank.


State Bank of India is known as Imperial Bank or Bank of Calcutta?

1st July 1956


What was World Bank formerly known as?

international bank for reconstruction and development.


The united state's central bank is known as?

The Federal Reserve, also known as the Federal Reserve Bank or just the Fed.