Bahrain and Maharashtra Government Signs MoU on Fintech

The Economic Development Board (EDB), the investment promotion arm of the Kingdom of Bahrain signed an MoU with the Maharashtra Government to provide a framework for Co-operation between the two authorities to promote FinTech in their respective markets.

The MoU was signed by Dr. Simon Galpin, MD, EDB & Shri S.V.R. Srinivas, IAS Principal Secretary, DIT. This MoU is in line with the EDB’s aims of exploring greater synergies between India and Bahrain in the financial technology space and will last for an initial period of three years.

Source- Press Information Bureau (PIB)

Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:

  • Bahrain Capital: Manama, Currency: Bahraini dinar.

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