An Analysis of Financial Performance of Selected Public Sector Banks before Merger Using Camel Model

— Banking sector in India has a strong financial market capitalization and it is considered as one of the world's fastest growing sector which supports many small, medium and large scale businesses continuously towards the economic growth of our nation. Mergers and acquisitions in public sector banks have stirred the progress of the banking sector. Mergers and Acquisitions will lead to rationalization of resources, improve productivity, customer service and lower cost of lending funds. The present paper analyzes the performance of three financial institutions that are Bank of Baroda, Dena Bank and vijaya Bank now these three banks are merged together as per the announcement of government which has formed as the third largest bank in India. The findings of this paper reveal that to some extent mergers and acquisitions have been successful in Indian banking sector. For this purpose, the secondary data are collected from annual reports of the three banks for a period of ten years from 2009 -2018 using CAMEL model. The research aims to evaluate financial analysis of these banks through capital adequacy, asset quality, management efficiency, earnings and liquidity