About the Memorandum of Understanding between the Bank of Russia and the Reserve Bank of India

The External and Public Relations Department of the Bank of Russia informs that Memorandum of Understanding between the Central Bank of the Russian Federation (Bank of Russia) and the Reserve Bank of India (RBI) concerning their cooperation in the field of supervision of credit institutions was signed on 03 August, 2012 in Moscow.

While preparing the Memorandum of Understanding the Bank of Russia and the RBI followed the recommendations of the Basel Committee on Banking Supervision on the principles of consolidated supervision and cooperation between banking supervisors in order to enhance cooperation in the field of banking supervision of credit institutions, including supervision of cross-border establishments of Russian and Indian banks.

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03.08.2012 00.00.00