Jio Financial Services has named Sandeep Khetan as its new Group Chief Risk Officer, bolstering its senior leadership with seasoned risk management expertise. The Board approved his five-year appointment effective March 23, 2026, on recommendations from the Nomination and Remuneration Committee and Group Risk Management Committee.
Khetan joined Jio Financial Services in July 2025 as Head of Integrated Risk Management. During his tenure, he has built a cohesive risk governance framework spanning the company’s lending, insurance, and payments businesses. His efforts have fortified internal controls and introduced technology-led risk systems, aligning with Jio’s rapid expansion in digital finance.
A qualified Chartered Accountant, Khetan boasts over 24 years in banking, specialising in credit appraisal, credit risk, market risk, and operational risk. Before Jio, he spent more than two decades at ICICI Bank, spearheading critical areas like credit policy, SME and MSME lending, supply chain finance, and retail-business banking distribution. There, he managed vast operations and embedded sophisticated risk models into high-volume portfolios.
This appointment comes as Jio Financial Services scales its ecosystem, including Jio Finance for loans, Jio Payments Bank, and insurance ventures. Khetan’s track record in handling complex, large-scale risk environments positions him to drive resilient growth amid regulatory scrutiny and fintech competition. His focus on integrated frameworks will support data-driven decisions, ensuring compliance while enabling innovations like AI-enhanced credit scoring.
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Industry watchers see this as a strategic reinforcement for Jio’s BFSI ambitions. With Reliance’s tech prowess, Khetan’s leadership could optimise risk-adjusted returns, safeguarding customer assets in a high-growth phase. As digital lending surges – projected to hit ₹50 lakh crore by 2027 – robust risk oversight remains pivotal for sustainable scaling.
The move underscores Jio Financial’s commitment to blending banking legacy with digital agility, attracting top talent to navigate India’s evolving financial landscape.
