New Delhi, May 11 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra and Christine Lagarde, President, European Central Bank (ECB), on Sunday signed a Memorandum of Understanding (MoU) to strengthen cooperation in central banking.
The agreement was signed on the sidelines of meetings hosted by the Bank for International Settlements in Basel.
Framework for Policy Dialogue and Cooperation
The MoU updates an earlier agreement signed in 2015 and establishes a framework for regular exchange of information, policy dialogue, and technical cooperation between the two institutions.
The collaboration will focus on areas of mutual interest within central banking.
Focus on Financial Stability and Global Coordination
The agreement is ...