The merger of HDFC and HDFC Bank would result in a huge balance sheet capable of sustaining significant exposures and resulting in better credit growth for the Indian economy, Atanu Chakraborty, Chairman, HDFC Bank has reportedly said. He also stated that the robust distribution network will help the housing financing industry thrive. A larger and more solid balance sheet created by the merger would also allow to increase exposures and encourage stronger credit growth in the economy. The shareholders have discussed the reasons and benefits of the merger on multiple times.

Housing finance will be a big development opportunity and one of India's primary drivers of GDP over the coming decade. There is significant benefit in exploiting this opportunity, given the cheaper cost of capital and the robust distribution network that HDFC has reportedly created. He also stated that the bank has submitted the requisite merger applications to different authorities, and that the Board is closely monitoring the merger process for approval of various components of the merger, as required by the legal procedure.