RBI inks MoU with Kenya's central bank for information exchange

The Reserve Bank of India (RBI) has signed a pact with Central Bank of Kenya for exchange of information and supervisory cooperation.

"The Reserve Bank of India signed the Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with the Central Bank of Kenya on October 16, 2014," RBI said in a release.

With this, RBI has signed 22 such MoUs and one Letter for Supervisory Co-operation, it added.

The MoU was signed by RBI Governor Raghuram Rajan and Central Bank of Kenya Governor Njuguna Ndung'u.

The RBI has been signing the MoUs and Letter for Supervisory Co-operation with supervisors of other countries to promote greater co-operation and share supervisory information among the authorities.