HomeNewsBankingIFSCA executes MoU with the Reserve Bank of India (RBI)

IFSCA executes MoU with the Reserve Bank of India (RBI)

The International Financial Services Centres Authority (IFSCA) and the Reserve Bank of India (RBI) have signed a Memorandum of Understanding (MoU) for collaboration in the field of regulation and supervision of regulated entities in their respective jurisdictions.

  • The MoU aims to strengthen the safety, stability and soundness of respective financial ecosystems and nurturing environments conducive to optimal business development and economic growth.

About Reserve Bank of India (RBI) –

  • Governor: Shaktikanta Das
  • Founded: 1 April 1935, Kolkata
  • Founder: British Raj
  • Currency: Indian rupee (₹)
  • Reserves: $532.30 billion

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