New Vice President of New Development Bank (NDB)

• Rajiv Ranjan has been appointed as the Vice President of the New Development Bank (NDB).

• He will hold the position for five years.

• The appointment was announced by the Board of Governors of the NDB.

• The New Development Bank was established in 2015 by the BRICS countries.

• It focuses on financing infrastructure and sustainable development projects.

• The bank supports initiatives in BRICS countries and other emerging and developing economies.

• Rajiv Ranjan has over 35 years of experience in central banking.

• He started his career in 1989 at the Reserve Bank of India (RBI).