NDB Appoints Rajiv Ranjan as Vice-President and Chief Risk Officer with Extensive Experience

The New Development Bank, formed by the BRICS nations, has named Rajiv Ranjan as its Vice-President and Chief Risk Officer for a five-year period. On August 23, 2025, the bank's Board of Governors confirmed Dr. Rajiv Ranjan's appointment to this role. Ranjan brings over 35 years of experience as a central banker to his new position.

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Rajiv Ranjan's Professional Journey

Ranjan began his career at the Reserve Bank of India (RBI) in 1989. He has held significant roles, including Executive Director and Member of the Monetary Policy Committee (MPC) since May 2022. His responsibilities included leading the RBI's Monetary Policy Department and serving as Secretary to the MPC, where he contributed significantly to monetary policy and liquidity management.

Academic Background and International Experience

Dr. Ranjan 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. His international experience includes serving as an Economic Policy Expert at the Central Bank of Oman from 2012 to 2015. He also worked in the RBI's International Department and the Department of External Investments and Operations.

Contributions to Economic Research

In addition to his roles at the RBI, Ranjan led the Department of Economic and Policy Research. His work focused on data-driven policy research, which played a crucial role in shaping economic policies. His extensive expertise in economic policy is expected to benefit the New Development Bank in managing risks effectively.

Ranjan's appointment as Vice-President and Chief Risk Officer marks a significant step for the New Development Bank. His vast experience in central banking and economic policy is anticipated to strengthen the bank's risk management strategies over his five-year term.

With inputs from PTI