Which bank is known as the bankers' bank of India?
In India, Reserve Bank Of India or RBI is known as the banker's bank. It is so called because it acts as a bank for all the commercial banks in India. RBI holds their cash reserves, lends them short -term funds and provides them the central clearing and remittances facilities. RBI is also known as the lender of last resort as when the banks face liquidity crisis , it helps them in coming out of the situation.
RBI
The central bank is the "bankers' bank".
