The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Central Bank of Myanmar of the Republic of Union of Myanmar on October 19, 2016. The MoU was signed by Mr. U Kyaw Tin, Minister of State for Foreign Affairs, Government of Myanmar on behalf of Central Bank of Myanmar and Shri S S Mundra, Deputy Governor on behalf of Reserve Bank of India at a function held in New Delhi the august presence of Shri Narendra Modi, Honorable Prime Minister and H.E. Aung San Suu Kyi, State Counsellor of Myanmar.

The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater co-operation and share supervisory information. With this it has now signed 34 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation.

Alpana Killawala
Principal Adviser

Press Release : 2016-2017/995