RBI inks information exchange pact with Bank of Israel

MUMBAI: The Reserve Bank has signed a pact with Bank of Israel for exchange of information pertaining to banking supervision.

A Memorandum of Understanding (MoU) was signed by Hedva Ber, Supervisor of banks on behalf of Bank of Israel and Parvathy V Sundaram, Chief General Manager-in-Charge, Department of Banking Supervision on behalf of Reserve Bank of India, the RBI said in a statement today.

"The Reserve Bank has entered into an MoU, 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. With this, the RBI has signed 32 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation," it said.