RBI, Royal Monetary Authority of Bhutan ink MoU to share info

The Reserve Bank of India (RBI) has inked a supervisory cooperation pact with the Royal Monetary Authority of Bhutan for information sharing.

A memorandum of understanding on 'Supervisory Cooperation and Exchange of Supervisory Information' was signed by RBI Deputy Governor S S Mundra and Royal Monetary Authority of Bhutan Deputy Governor Phajo Dorjee, the central bank said in a release.

The RBI has entered into MoUs, Letter for Supervisory Co- operation and Statement of Co-operation with supervisors of a few countries.

The objective of such pacts is to promote greater co- operation and share supervisory information, the RBI said.

With this, the RBI has signed 39 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co- operation.