HDFC Bank Limited announced at its board meeting held on March 28, 2024, has approved the appointment of Mr. Sumant Rampal as Group Head- Mortgage Business with effect from March 28, 2024 in place of Mr. Arvind Kapil. Mr. Sumant Rampal has been with the Bank for over 24 years and during his tenure he has worked in various business domains such as Corporate Banking, Emerging Corporate Group and Business Banking vertical. Prior to the new role, Mr. Rampal was the Group Head-Business Banking Working Capital, Rural Banking Group and Sustainability Livelihood Initiative.

Under his leadership, HDFC Bank was acknowledged as the Best SME Bank by SIDBI in Fiscal Year 2019-20, by Asiamoney and Euromoney in Fiscal Year 2021-22 and by Asiamoney in 2022-23. He contributed significantly in his role, scaling up the business and delivering on various digital initiatives.