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RBI and Bank of Spain Sign MoU to Foster Bilateral Cooperation in Financial Supervision.

Banking & Finance | Dated: 29 Oct 2025

The **Reserve Bank of India (RBI)** and the **Bank of Spain** signed a Memorandum of Understanding (MoU) to enhance **bilateral cooperation in financial supervision**. The agreement establishes a framework for the exchange of supervisory information, technical cooperation, and coordination on regulatory matters concerning banks and financial entities operating in both jurisdictions.

🎯 Key Highlights:

  • The MoU was signed between the Reserve Bank of India (RBI) and the Bank of Spain.
  • The agreement aims to enhance bilateral cooperation in the area of financial supervision.
  • The framework includes exchange of supervisory information and coordination on regulatory matters.

💡 Other Important Facts:

  • Agreement covers coordination on regulatory matters concerning banks in both jurisdictions.
  • It supports India’s goal of strengthening international financial cooperation.
  • Technical cooperation helps share best practices in banking regulation.

📚 Test Your Knowledge:

The RBI signed an MoU to foster bilateral cooperation in financial supervision with the central bank of which country?

Correct Answer: Spain

🚀 Quick Recap:

About Bank of Spain

  • Type: Central Bank, Parent Org: European System of Central Banks, Role: Financial Supervision and Monetary Policy.
  • MoU Goal: Exchange of supervisory information, Benefit: Enhances monitoring of cross-border financial entities.