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Dr. Rajiv Ranjan Appointed Vice-President and Chief Risk Officer at the New Development Bank (NDB).

Appointment | Dated: 27 Aug 2025

On August 23, 2025, the Board of Governors of the New Development Bank (NDB)—a multilateral lender established by the BRICS nations—appointed Dr. Rajiv Ranjan, a veteran central banker from the Reserve Bank of India (RBI), as its Vice-President (VP) and Chief Risk Officer (CRO) for a five-year term. This strategic elevation reflects his extensive expertise in macroeconomic policy and financial governance.

🎯 Key Highlights:

  • - Dr. Rajiv Ranjan’s elevation to the position of VP and CRO at the NDB underscores a pivotal strategic move for both India and the bank. It comes at a time when global financial tensions are escalating, notably between emerging economies and major Western powers, adding gravitas to his role in safeguarding the bank’s risk frameworks.
  • - Dr. Ranjan joined the Reserve Bank of India in 1989 and has cultivated a profound career as a central banker. Since May 2022, he’s served as an Executive Director and a member of the Monetary Policy Committee (MPC), playing a pivotal role in shaping monetary and liquidity policy in India. Previously, he led the RBI’s Monetary Policy Department and acted as Secretary to the MPC.

💡 Other Important Facts:

  • (i) Beyond his RBI tenure, Dr. Ranjan held assignments in the RBI’s International Department and External Investments and Operations Department. From 2012 to 2015, he served as an Economic Policy Expert at the Central Bank of Oman. He also led the RBI’s Department of Economic and Policy Research, fostering data-driven policy formulation.
  • (ii) Dr. Ranjan’s extensive global exposure includes representing India and engaging with policy discussions at major international institutions such as the G20, International Monetary Fund (IMF), World Bank, Bank for International Settlements (BIS), Financial Stability Board (FSB), Organisation for Economic Co-operation and Development (OECD), and SAARC. His authorship of multiple economic publications and three co-authored books further enhances his scholarly credentials.
  • (iii) As Chief Risk Officer, Dr. Ranjan will oversee the NDB’s risk management, strategic planning, policy formulation, partnerships, and Environmental, Social, and Governance (ESG) functions. He will also spearhead the bank’s engagement in global forums focused on climate change and developmental financing — reinforcing India’s influence in the global south’s multilateral financial system.

📚 Test Your Knowledge:

Recently, who has been appointed as the Vice-President and Chief Risk Officer (CRO) of the New Development Bank (NDB)?

Correct Answer: Rajiv Ranjan

🚀 Quick Recap:

About New Development Bank (NDB)

  • President: Dilma Rousseff
  • Headquarters: Shanghai, China