<p> Unlike all the sectors of industry, banks also want to defend themselves against the odd situations and want to tap the new opportunities in the market for continuous growth. M&As in the Indian Banking sector has gained its momentum since a past few decades. Earlier, the banking facilities were available only to a certain class of people but now we can see that due to reforms, mass is getting the advantage. Here, an attempt is made to throw some light on the financial performance of merger deal through various ratios of Times Bank Ltd. (merged bank) with HDFC Bank Ltd. A total duration of six years is considered for the study; ie., 3 years pre-merger and 3 years post-merger using its financial data. Further analysis is conducted using SPSS. It can be concluded that the deal provided financial benefits to HDFC Bank Ltd. as the performance had improved.</p>