Aapki Khabar Aapka Fayda: HDFC-HDFC Bank Mega Merger; Customers will get cheaper home loan

The customers will get the benefit of the merger. This mega merger (HDFC-HDFC Bank Merger) will improve the balance sheet of the bank. Corporate structure will also be better. Customers will get benefit. Bank branches will also sell HDFC products. Merger will give benefits of cross selling. Giving information about the mega merger, Deepak Parekh said that this merger is beneficial for both the companies. A strong company will be formed after the merger. New company innovative products will be available at competitive rates. The operational and proficiency of the bank will be used in a better way. Let us tell you, there will be no promoter in HDFC Bank after the merger. Will be 100 percent public holding company. The cost of funds will come down after the merger. That is, cheaper funds will be available to the bank. Customers can also get the benefit of this in the form of affordable products. The merger will bring down unsecured loans.