RBI appoints two new Executive Directors

New Delhi: The Reserve Bank of India (RBI) has appointed Dr. Rajiv Ranjan and Dr. Sitikantha Pattanaik as Executive Directors (EDs) 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 and Dr. Pattanaik was an Adviser in the Department of Economic and Policy Research (DEPR).

About Dr. Rajiv Ranjan

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

About Dr. Sitikantha Pattanaik

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).