HDFC Bank Appoints Sumant Rampal as Head of Mortgage Business

1 Apr 2024 , 12:37 PM

Sumant Rampal has been appointed as the head of HDFC Bank’s mortgage business, effective from Thursday, replacing Arvind Kapil. The appointment was approved by HDFC Bank’s Board of Directors based on the recommendation of the Nomination & Remuneration Committee.

Rampal, who has served HDFC Bank for over 24 years, previously worked in Corporate Banking, Emerging Corporate Group, and Business Banking verticals.

Before assuming his new role, Rampal was Group Head of Business Banking Working Capital, Rural Banking Group, and Sustainability Livelihood Initiative at HDFC Bank.

HDFC Bank highlighted Rampal’s significant contributions in scaling up business and implementing digital initiatives. Rampal completed his post-graduation from the Symbiosis Institute of International Business in 1997.

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