Merger and Acquisitions in Indian Banking Sector of Five Years (2018-2022): A Review

The Indian Banking System plays a very extensive role in the economy development of the country. The banking sector of India is one of the expeditiously growing sector in the country. Merger and Acquisition plays a Critical role in Indian banking Sector, as it helps in increasing the pre and post Merger Financial performance of banks to achieve their goals. However the banks should keep in their views about both the positives and negatives of their entities and make decisions accordingly. merger of Andhra Bank, Corporation Bank with Union Bank of India, the main objectives of the study to know the reasons as to why the merger is necessary and to know the impact of merger on the performance of banks; to find out the challenges and benefits of merger on the banks and customers; to determine the overall impact on the Indian economy; and to know the after effect of merger on the senior authorities of merged banks, the trends in M&A?s in Indian banking and then impact of M&A?s has been studied in three leading banks of India (BOB, OBC, PNB), to analyze financial performance of Canara Bank pre and post-amalgamation, evaluates the financial performance of Pre and Post Merger of ICICI Bank and Bank of Rajasthan, the reasons behind mergers and shows its effect on profitability and productivity of SBI. It also studies Bank of Baroda and its Associates merger with Vijaya Bank and Dena bank, and this study discuss the amalgamation held between the Punjab National Bank, Oriental Bank of Commerce and United Bank of India and this is the largest amalgamation in the history of Banking sector took place on August 30, 2019.