Reserve Bank of India (RBI) and the European Central Bank (ECB) on 12 January 2015 signed a memorandum of understanding (MoU) for cooperation in the field of central banking.
The MoU was signed by RBI Governor Dr. Raghuram Rajan and ECB President Dr. Mario Draghi.
Feature of the Memorandum of Understanding
• It 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
What: signed an MoU
When: on 12 January 2015