Rajiv Ranjan Appointed VP at New Development Bank

New Delhi, Aug 25 (PTI) New Development Bank, established by the BRICS nations, has appointed former MPC member Rajiv Ranjan as Vice-President and Chief Risk Officer (CRO) for a five-year term.

"On August 23, 2025, the Board of Governors of the New Development Bank (NDB) appointed Dr. Rajiv Ranjan as Vice-President of the NDB for a five-year term," the BRICS-led bank said in a statement.

Ranjan is a career central banker with over 35 years of experience. Having started his stint with the Reserve Bank of India (RBI) in 1989, he has served as an Executive Director and a Member of the Monetary Policy Committee (MPC) since May 2022.

As Head of the RBI's Monetary Policy Department and Secretary to the MPC, Ranjan played a key role in monetary policy and liquidity-related functions.

His extensive professional experience includes leading the Department of Economic and Policy Research with a focus on data-driven policy research, serving as an Economic Policy Expert in the Central Bank of Oman (2012-15), and assignments in the International Department and the Department of External Investments and Operations of the Reserve Bank, according to the statement.

He holds a master's degree in economics from the Delhi School of Economics, University of Delhi and a PhD in Economics from the University of Mumbai.