The RBI has signed an information sharing agreement with US banking regulators for better coordination with them in supervising financial institutions. In a release, RBI said Friday that it has concluded an agreement on Supervisory Cooperation and Exchange of Supervisory Information with the Board of Governors of the Federal Reserve System, Office of the Comptroller of Currency and Federal Deposit Insurance Corporation.During Prime Minister Narendra Modi's visit to the US in September last year, both countries issued a joint statement to corroborate the efforts of the RBI and American banking regulators and supervisors for exchange of information to enhance the effectiveness of cross border supervision.RBI has been signing such agreements with supervisors of other countries to promote greater co-operation and share supervisory information among the authorities. So far, RBI has signed 22 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation, with overseas regulators/supervisors.