Jio Financial Services Appoints Sandeep Khetan as Group Chief Risk Officer for 5 years

Mumbai, February 17, 2026: Jio Financial Services Limited (NSE: JIOFIN | BSE: 543940) has announced a change in its Senior Management Personnel (SMP) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors, at its meeting held today, took note of the resignation of Shri S. Anantharaman as Group Chief Risk Officer (GCRO). His resignation will be effective at the close of business hours on March 20, 2026.

The Board has approved the appointment of Shri Sandeep Khetan as the new Group Chief Risk Officer for a period of five years, effective March 23, 2026. The appointment was made based on the recommendations of the Nomination and Remuneration Committee and the Group Risk Management Committee.

Profile of Sandeep Khetan

Sandeep Khetan is a 2001-batch Chartered Accountant with over 24 years of experience in the banking sector. He specializes in credit appraisal, credit risk, market risk, and operational risk management.

He joined Jio Financial Services on July 30, 2025, as Head – Integrated Risk Management. In this role, he has been instrumental in establishing a unified risk governance architecture across the company’s lending, insurance, and payments businesses. His work has focused on aligning risk frameworks and strengthening internal controls to build a robust, technology-driven “Second Line of Defence” for the group.

Prior to joining the company, he spent more than 23 years at ICICI Bank, where he led various key functions. His expertise spans credit and policy functions for SME, MSME, and supply chain financing segments, as well as retail and business banking distribution. Over his career, he has developed strong capabilities in managing scale, integrating complex risk frameworks, and leveraging technology for predictive risk management.

The Board meeting concluded at 1:10 p.m.