The bank in India that is popularly called the “bank of banks” is the Reserve Bank of India (RBI).

Quick Scoop

  • The RBI is India’s central bank, and it regulates and supports other banks in the country, which is why it is known as the “bankers’ bank” or “bank of banks.”
  • It issues currency, manages monetary policy, and acts as lender of last resort to commercial banks, reinforcing this nickname.

You’ll often see this asked in banking and government exams; the expected one-line answer is: Reserve Bank of India (RBI) is called the Bank of Banks.

TL;DR: Reserve Bank of India (RBI) is called the bank of banks in India.