Merger with HDFC to help tap home finance opportunity: HDFC Bank chairman

A more stable balance sheet because of the merger will enable HDFC Bank to step up exposures and facilitate higher credit growth in the economy, said the chairman

The merger with Housing Development Finance Corporation will enable the bank to tap the huge opportunity in the housing finance market with its strong distribution network and lower cost of funds, HDFC Bank chairman Atanu Chakraborty said on Saturday.

Speaking at the bank’s annual general meeting, the chairman said, “Housing finance is going to be a huge growth opportunity and one of the key drivers of India’s GDP over the next decade. With the advantage of lower cost of funds and the strong distribution network that we have built, among several other factors, there is huge merit in seizing this