RBI appoints two new Executive Directors



Quick Summary
The Reserve Bank of India (RBI) has announced the appointment of two new Executive Directors, Dr. Rajiv Ranjan and Dr. Sitikantha Pattanaik, both effective from May 1, 2022. Dr. Ranjan, formerly Adviser-in-Charge of the Monetary Policy Department, will oversee the same department and serve as an ex-officio member of the Monetary Policy Committee. Dr. Pattanaik, previously an Adviser in the Department of Economic and Policy Research, will now head this department. Both appointees bring extensive experience in economic research and policy, with over three decades in the field.

RBI appoints Dr. Rajiv Ranjan as new Executive Director

The Reserve Bank of India (RBI) has appointed Dr. Rajiv Ranjan as Executive Director (ED) with effect from May 01, 2022.

Prior to being promoted as ED, Dr. Ranjan was serving as Adviser-in-Charge of Monetary Policy Department and Secretary to the Monetary Policy Committee.

Dr. Ranjan has an experience of more than three decades in macroeconomic policy and research including monetary policy, fiscal policy, real sector, external sector and international relations. He has worked in various departments of RBI including Monetary Policy Department, Department of Economic Policy and Research, Department of External Investments and Operations and International Department. He served as Economic Policy Expert in Central Bank of Oman for three years.

As Executive Director, Dr. Ranjan will look after the Monetary Policy Department (MPD).

Dr. Ranjan will also serve as an ex-officio member of the Monetary Policy Committee.

RBI Appoints Two New Executive Directors

Dr. Ranjan has a Ph.D. in Economics from Mumbai University and holds a Masters degree in Economics from Delhi School of Economics.

RBI appoints Dr. Sitikantha Pattanaik as new Executive Director

The Reserve Bank of India (RBI) has appointed Dr. Sitikantha Pattanaik as Executive Director (ED) with effect from May 01, 2022.

Prior to being promoted as ED, Dr. Pattanaik was an Adviser in the Department of Economic and Policy Research (DEPR).

Dr. Pattanaik has, over a span of three decades, worked in the areas of economic research and monetary policy in RBI’s Monetary Policy Department and Department of Economic Policy and Research. He was with the Central Bank of Oman on deputation from RBI for about five years.

As Executive Director, Dr. Pattanaik will look after the Department of Economic and Policy Research (DEPR).

Dr. Pattanaik has a Ph.D. in Economics from the University of Mumbai; an M. Phil in Economics from Jawaharlal Nehru University; a master’s degree in International Finance from the University of Amsterdam; and an MA in Economics from Utkal University, besides having earned professional qualifications including Certified Associate of Indian Institute of Banking and Finance (CAIIB).

(Yogesh Dayal)     
Chief General Manager

FAQ :

The RBI has appointed Dr. Rajiv Ranjan and Dr. Sitikantha Pattanaik as new Executive Directors.

The appointments were effective from May 01, 2022.

As Executive Director, Dr. Ranjan will oversee the Monetary Policy Department and serve as an ex-officio member of the Monetary Policy Committee.

As Executive Director, Dr. Pattanaik will oversee the Department of Economic and Policy Research (DEPR).

Prior to his promotion, Dr. Ranjan was serving as Adviser-in-Charge of the Monetary Policy Department and Secretary to the Monetary Policy Committee.

Before his appointment, Dr. Pattanaik was an Adviser in the Department of Economic and Policy Research (DEPR).




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