The Reserve Bank of India has inked an information exchange pact with Bank of Zambia aimed at forging greater cooperation.
“The Reserve Bank signed a memorandum of understanding (MoU) on supervisory cooperation and exchange of supervisory information with Bank of Zambia,” RBI said in a release.
The MoU was signed by Bank of Zambia Governor Denny Kalyalya and Urjit Patel, the RBI chief.
RBI has entered into similar agreements of a few countries to promote greater synergy and share supervisory information.
With this, RBI has signed 36 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation.