Reserve Bank of India and European Central Bank sign Memorandum of Understanding on mutual cooperation
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
Shri Sanjay Malhotra, Governor of the Reserve Bank of India (RBI) and Ms Christine Lagarde, President of the European Central Bank (ECB), today signed a Memorandum of Understanding (MoU) on cooperation in the field of central banking. The signing took place on the margins of the Bank for International Settlements (BIS) meetings in Basel. The MoU, which updates the previous MoU of 2015, provides a framework for a regular exchange of information, policy dialogue and technical cooperation between t