A recent press report said that the RBI which is the Central Bank of India has signed a Memorandum of Understanding with WMG, an Academic Department, and University of Warwick.
Reports said that Shri S. Sridhar, Chairman and Managing Director, Central Bank of India and Professor Lord Kumar Bhattacharyya of WMG signed this MOU at Warwick, England on 09th May 2011. The Memorandum of Understanding offers for several areas of cooperation including provision of fast-track loan for Indian students studying at WMG and the building of cooperative relationships between UK and Indian business and also the development of a low cost housing project. One of RBI’s subsidaries National Housing Bank offers best home loan.
Professor Sujit Banerji, Executive Director of Postgraduate Programmes at WMG said that the MOU affords will help to build up a strong partnership between WMG and the Central Bank of India, and added saying that the Memorandum of Understanding is a fine example of simplifying procedures and should be very useful for students coming to study in the UK.