Mumbai: The Reserve Bank has entered into an agreement with the Qatar Financial Centre Regulatory Authority to promote greater co-operation and sharing of supervisory information between the two regulators. A Memorandum of Understanding was signed between the two sides in this regard on August 4, the RBI said in a statement. Commenting on the agreement, RBI Executive Director P Vijaya Bhaskar said that the apex bank is looking forward to enhanced cooperation and information sharing with the QFC Regulatory Authority. "India and Qatar are among the fastest growing economies in the world, and we are seeing greater economic ties and increased investment flows between both countries," "Our cooperation under the MoU will help to make certain that our organisations are appropriately positioned to ensure that financial institutions under our supervision are well regulated and supported," he said.
Zee News
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