The Reserve Bank of India, in separate announcements, announced the appointments of Sitikantha Pattanaik and Rajiv Ranjan as Executive Directors with effect from May 01, 2022.
Prior to being promoted as Executive Director, Ranjan was serving as Adviser in Charge of Policy Department and Secretary to the MPC. He carries an experience of more than 30 years in macroeconomic policy and research including real sector, fiscal policy, external sector and international relations besides monetary policy. He has earlier worked with various departments of the RBI.
As Executive Diretor, Ranjan will oversee the Monetary Policy Department and serve as an ex-officio member of the Monetary Policy Committee.
Pattanaik was earlier the Adviser in the Department of Economic and Policy Research (DEPR). Having an experience of over three decades, Pattanaik has worked with RBI’s Monetary Police Department in areas of monetary policy and economic research. He was with the Central Bank of Oman on deputation from the central bank for about five years.
As ED, Pattanaik will overlook the Department of Economic and Policy Research (DEPR).