MUMBAI: The Reserve Bank of India today said it has signed an information sharing pact with the Central Bank of UAE.
"The Reserve Bank, today, signed the Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with the Central Bank of UAE, United Arab Emirates," RBI said in a notification.
The MoU was was signed by Saeed Abdulla Al Hamiz, Assistant Governor for Banking Banking Supervision Affairs on behalf of Central Bank of UAE and Meena Hemchandra, Executive Director on behalf of RBI.
It was signed at the Head Office of Central Bank of UAE at Abu Dhabi, United Arab Emirates.
RBI has entered into such MoUs, Letters for Supervisory Co-operation and Statements of Co-operation with supervisors of a few countries to promote co-operation and sharing of information.
With this, the Reserve Bank has signed 29 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation, it added.