RBI, Nepal Rastra Bank ink pact for supervisory information exchange

MUMBAI: Reserve Bank today inked an agreement with Nepal Rastra Bank on exchange of supervisory information.

The Reserve Bank of India, today, signed the Memorandum of Understanding (MoU) on 'Supervisory Cooperation and Exchange of Supervisory Information' with the Nepal Rastra Bank(NRB), RBI said in a statement.

The MoU was signed by Nepal Rastra Bank's Executive Director Narayan Prasad Paudel and RBI's Executive Director Meena Hemchandra at the central office of Reserve Bank here.

RBI has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater co-operation and share supervisory information, the statement further said.

With this RBI has signed 27 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation.