RBI, European Central Bank sign MoU on cooperation

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SME Times News Bureau | 13 Jan, 2015
European Central Bank (ECB) and Reserve Bank of India (RBI), Monday signed a memorandum of understanding (MoU) on cooperation in the field of central banking.

"Raghuram Rajan, Governor, Reserve Bank of India (RBI) and Mario Draghi, President of the European Central Bank (ECB) today signed a Memorandum of Understanding (MoU) on cooperation in the field of central banking," RBI Monday said in a release.

The MoU provides a framework for regular exchange of information, policy dialogue and technical cooperation between the two institutions.

Technical cooperation may take the form of joint seminars and workshops in areas of mutual interest in the field of central banking, according to a press release issued in Frankfurt.