Sitikantha Pattanaik and Rajiv Ranjan, named executive directors by the RBI

The Reserve Bank on Friday said Sitikantha Pattanaik and Rajiv Ranjan have been appointed as executive directors with effect from May 1. Ranjan will also serve as an ex-officio member of the rate-setting panel Monetary Policy Committee (MPC). Pattanaik was an adviser at the Department of Economic and Policy Research before being appointed to ED.

Rajiv Ranjan will oversee the Monetary Policy Department as Executive Director, while Pattanaik will oversee the Department of Economic and Policy Research (DEPR).