HDFC Bank has made a strategic announcement regarding the appointment of Sumant Rampal as the new Group Head of Mortgage Business, succeeding Arvind Kapil. This development was disclosed in the bank’s recent stock exchange filing.
Sumant Rampal, having been with HDFC Bank for over 24 years, has contributed significantly to various business domains, including corporate banking, emerging corporate groups, and business banking verticals.
A post-graduate from the esteemed Symbiosis Institute of International Business in 1997, Rampal’s journey within HDFC Bank has been marked by notable achievements. Before assuming his current position, he served as the Group Head of Business Banking Working Capital, Rural Banking Group, and led the Sustainability Livelihood Initiative.
Under his adept leadership, HDFC Bank was honored with several accolades, including being recognized as the Best SME Bank by SIDBI in FY 2019-20. The bank also received acclaim from Asiamoney and Euromoney in FY 2021-22, as well as from Asiamoney in 2022-23, further highlighting Rampal’s instrumental role in driving excellence within the organization.
