The Reserve Bank of India (RBI) and the European Central Bank (ECB) have signed a revised Memorandum of Understanding (MoU) to strengthen cooperation and collaboration in the field of central banking.
The agreement was signed on Sunday by RBI Governor Sanjay Malhotra and ECB President Christine Lagarde on the sidelines of the Bank for International Settlements (BIS) meetings held in Basel.
The renewed MoU updates the earlier agreement signed between the 2 central banks in 2015. According to RBI, the revised framework is designed to enhance regular exchange of information, policy discussions, and technical cooperation in areas of mutual interest.
The agreement will support closer institutional engagement between RBI and ECB on key central banking practices, financial sector developments, and broader economic cooperation initiatives.
RBI stated that the updated arrangement is expected to further strengthen collaboration between the 2 institutions while encouraging continued dialogue on financial systems, regulatory practices, and evolving global banking developments.
The signing comes amid increasing global focus on financial stability, digital banking transformation, and international coordination among central banks.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream LinkedIn | The Mainstream Facebook | The Mainstream Youtube | The Mainstream Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
