BoB keeps hawk eye on cross-border banking

“The Bank of Botswana and the Reserve Bank of India have decided to enter into Memoranda of Understanding (MoUs) to facilitate supervisory collaboration and exchange of information between the two supervisory authorities on matters of mutual interest.

“This arrangement exists or it is in the process of being entered into with all other central banks and supervisory authorities whose banks and banking groups have operations in Botswana,” said Sesinyi.