Central Bank has almost the same relation with the other commercial banks of the country that the commercial banks have with the common public.
Central Bank keeps the cash balances of commercial banks and issues loans to them on requirements in the same manner as the commercial banks do for their customers. That’s why it is also called a bankers’ bank.
The Reserve Bank of India (RBI) is India’s central bank, also known as the banker’s bank.
The RBI controls the monetary and other banking policies of the Indian government.
Final Answer:
The central bank of a country is called the ‘Bankers’ Bank’. The central bank makes on behalf of the government and formulates the country’s monetary policy.The Central Bank of a country is the Reserve Bank of India also known as ‘Bankers’ Bank’. RBI acts as a banking agent and financial advisor to the Central and the state governmants.RBI manages all types of government accounts and treasuries
