• The New Development Bank (NDB), established by the BRICS nations, has appointed Dr. Rajiv Ranjan as its Vice-President and Chief Risk Officer (CRO).
• The announcement was made on August 23, 2025, confirming his five-year tenure starting this month.
• Dr. Ranjan, a seasoned economist and former Member of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), brings extensive experience in monetary policy, risk management, and macroeconomic analysis.
• His appointment strengthens NDB’s institutional capacity in ensuring robust risk governance and financial stability as the bank expands its global footprint in sustainable infrastructure and development financing.
• With this appointment, India continues to enhance its representation in key global financial institutions, furthering its role in shaping international economic governance.