Finance
New Development Bank names RBI's Rajiv Ranjan as vice president
Published by Global Banking and Finance Review
Posted on August 25, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 25, 2025
1 min readLast updated: January 22, 2026
Rajiv Ranjan from RBI has been appointed as Vice President and Chief Risk Officer of the New Development Bank by BRICS nations.
BENGALURU (Reuters) -New Development Bank (NDB), a multilateral lender developed by BRICS member nations, said on Monday it had appointed India's central bank executive director, Rajiv Ranjan, as its vice president.
Ranjan has been appointed as the vice president for five years, according to a statement. He will also serve as the chief risk officer, according to the NDB website.
Ranjan, who joined the Reserve Bank of India in 1989, has served as an executive director and a member of the monetary policy committee since May 2022.
The New Development Bank was established in 2015 by Brazil, Russia, India, China and South Africa (BRICS) for mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries.
(Reporting by Nishit Navin and Nikunj Ohri)
Rajiv Ranjan, an executive director at the Reserve Bank of India, has been appointed as the vice president of the New Development Bank.
In addition to being vice president, Rajiv Ranjan will also serve as the chief risk officer.
The New Development Bank was established in 2015 by Brazil, Russia, India, China, and South Africa, collectively known as BRICS.
The primary purpose of the New Development Bank is to mobilize resources for infrastructure and sustainable development projects in emerging markets.
Rajiv Ranjan has been appointed as vice president for a term of five years.
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