Rajiv Ranjan Appointed VP, Chief Risk Officer at NDB

The New Development Bank (NDB), established by the BRICS nations, has appointed Dr. Rajiv Ranjan, a former Member of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), as its Vice-President and Chief Risk Officer (CRO). The announcement was made on August 23, 2025, confirming a five-year term for the seasoned central banker.

Career Background of Rajiv Ranjan

Central Banking Experience

• Dr. Ranjan is a career economist and central banker with over 35 years of experience, primarily at the RBI, where he began his career in 1989.

Key Roles Held at RBI

• Executive Director, RBI
• MPC Member (May 2022 onwards)
• Head, Monetary Policy Department
• Secretary to the MPC

In these roles, Ranjan was pivotal in shaping India’s monetary policy, overseeing liquidity operations, and ensuring macroeconomic stability through data-driven strategies.

International and Research Experience

Global Exposure

• Served as Economic Policy Expert at the Central Bank of Oman (2012–2015), contributing to macroeconomic advisory functions in a Gulf economy.

Policy Research and Data Analytics

Led RBI’s Department of Economic and Policy Research, where he focused on,

• Economic modeling
• Policy formulation
• Research publications on domestic and global issues

His insights significantly contributed to evidence-based policymaking within the RBI and globally.

Educational Credentials

Academic Background

• Master’s in Economics from Delhi School of Economics, University of Delhi
• PhD in Economics from University of Mumbai
• His strong academic foundation complements his policy and operational experience, making him an ideal candidate for leadership in a multilateral financial institution.

About the New Development Bank

Overview

• Established by BRICS nations (Brazil, Russia, India, China, South Africa)
• Aimed at funding infrastructure and sustainable development in emerging economies
• Headquartered in Shanghai, China

As Vice-President and Chief Risk Officer, Ranjan will be responsible for overseeing risk management frameworks, ensuring financial and operational resilience, and guiding credit and market risk assessment strategies across member nations.