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.
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