RBI’s Rajiv Ranjan appointed vice president of BRICS-backed New Development Bank:

The New Development Bank (NDB), established by BRICS nations, has appointed Rajiv Ranjan, Executive Director at the Reserve Bank of India (RBI), as Vice President and Chief Risk Officer for a five-year tenure. With over 35 years of experience as a central banker, Ranjan has been a key member of RBI’s Monetary Policy Committee since 2022 and previously led the Monetary Policy Department. He will assume office in September 2025 and play a vital role in shaping NDB’s risk and financial strategies.