RBI inks MoU with Kenya's central bank for information exchange

MUMBAI: The Reserve Bank has signed a pact with Central Bank of Kenya for exchange of information and supervisory cooperation.

"The Reserve Bank of India signed the Memorandum of Understanding ( MoU) on Supervisory Cooperation and Exchange of Supervisory Information with the Central Bank of Kenya on October 16, 2014," RBI said in a release.

With this, RBI has signed 22 such MoUs and one Letter for Supervisory Co-operation, it added.

The MoU was signed by RBI Governor Raghuram Rajan and Central Bank of Kenya Governor Njuguna Ndung'u.

The RBI has been signing the MoUs and Letter for Supervisory Co-operation with supervisors of other countries to promote greater co-operation and share supervisory information among the authorities.