Mumbai: The Reserve Bank of India (RBI) announced on Friday that Rajiv Ranjan and Sitikantha Pattanaik have been appointed as executive directors, effective May 1, 2022.
Rajiv Ranjan was Adviser-in-Charge of the Monetary Policy Department and Secretary to the Monetary Policy Committee before being appointed to executive director, while Pattanaik was an adviser at the Department of Economic and Policy Research before being appointed to executive director (DEPR). According to the RBI, Ranjan would be in charge of the Monetary Policy Department, while Pattanaik will be in charge of the Department of Economic and Policy Research (DEPR).
Ranjan has over three decades of experience in macroeconomic policy and research, covering monetary and fiscal policy, real and external sector economics, and international relations. He's worked in the Monetary Policy Department, the Department of Economic Policy and Research, the Department of External Investments and Operations, and the International Department at the RBI. For three years, he worked as an Economic Policy Expert at the Central Bank of Oman.
Pattanaik has worked in the RBI's Monetary Policy Department and Department of Economic Policy and Research for the past three decades in the areas of economic research and monetary policy. He spent roughly five years on deputation from the RBI at the Central Bank of Oman.