Central banks differ on RBI / MAS pact

The Reserve Bank of India and the Monetary Authority of Singapore have differences on many issues relating to the India-Singapore Comprehensive Economic Co-operation Agreement, the Business Standard newspaper reported Wednesday 5 April.

This includes the RBI's decision not to allow Temasek Holdings to increase its stake in ICICI Bank Ltd. at the time of the bank's recent public issue, said the paper.

The central bank has taken the position that both Temasek and the Government of Singapore Inves