Dr. Rajiv Ranjan, former MPC member of RBI, has been appointed as Vice-President and Chief Risk Officer at the New Development Bank (NDB), a BRICS-led institution. His five-year term starts in August 2025.
Career Background of Rajiv Ranjan
Central Banking Experience
- Over 35 years of experience at RBI
Key Roles Held at RBI
- Executive Director, RBI
- MPC Member (from May 2022)
- Head, Monetary Policy Department
- Secretary to the MPC
International and Research Experience
Global Exposure
- Economic Policy Expert at the Central Bank of Oman (2012–2015)
Policy Research and Data Analytics
- Led RBI’s Department of Economic and Policy Research
Educational Credentials
Academic Background
- Master’s in Economics from Delhi School of Economics, University of Delhi
- PhD in Economics from University of Mumbai
About the New Development Bank
Overview
- Established by BRICS nations
- Funds infrastructure and sustainable development
- Headquartered in Shanghai, China
Responsibilities as VP, Chief Risk Officer
- Overseeing risk management frameworks
- Ensuring financial and operational resilience
- Guiding credit and market risk assessment strategies
Key Takeaways for Competitive Exams
- Dr. Rajiv Ranjan, a seasoned central banker, appointed as VP, Chief Risk Officer at NDB.
- BRICS-led NDB aims to fund infrastructure and sustainable development in emerging economies.
- Ranjan brings over 35 years of central banking experience to his new role.
- His educational background includes a Master’s and a PhD in Economics.
- As CRO, he will be responsible for risk management and assessment strategies across member nations.
