RBI inks info exchange pact with Turkey's banking regulator

MUMBAI: Reserve Bank today said it has signed an agreement with Turkey's banking regulation agency for exchange of information and supervisory co-operation.

" The Reserve Bank signed a Memorandum of Understanding (MoU) on 'Supervisory Cooperation and Exchange of Supervisory Information' with Banking Regulation and Supervision Agency of Republic of Turkey," RBI said in a notification.

The MoU was signed by Mehmet Irfan Kurt, Vice Chairman on behalf of Banking Regulation and Supervision Agency and Meena Hemchandra, Executive Director on behalf of RBI.

RBI said it has entered into pacts with a few countries to promote greater co-operation and share supervisory information.

With this, RBI has signed 35 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation.