A STUDY ON MERGER AND ACQUISITION IN INDIAN BANKING SECTOR
Keywords:
Merger & Aqusition, financial performanceAbstract
Mergers and acquisitions (M&A) have become a strategic tool for organizations seeking to enhance their competitive edge, optimize operational efficiency, and achieve sustainable growth. The banking sector, being an important pillar of any economy, is not immune to these transformative trends . The Indian banking sector has also witnessed a series of significant mergers and acquisitions in recent years. This research paper delves into the complex field of mergers and acquisitions within the Indian banking sector, with a specific focus on the amalgamation of United Bank of India and Oriental Bank of Commerce with Punjab National Bank. The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce came into effect from April 1, 2020. The merger was one of the largest in the country's banking history after which Punjab National Bank become the 2nd largest public sector bank in India both in terms of business and branch network. The synergy from the amalgamation will create a globally competitive, next generation bank, PNB 2.0.
References
KASHYAP, C. (2021) MERGER AND ACQUISITIONS IN INDIAN BANKING SECTOR: A CASE STUDY ON BANK OF BARODA
GUPTA, K (2015) MERGERS AND ACQUISITIONS IN THE INDIAN BANKING SECTOR: A STUDY ON SELECTED BANKS
GIRANA, M (2016) MERGER AND ACQUISITION IN BANKING SECTOR
KHAN, A. H. (2011) A STUDY ON MERGER AND ACQUISITIONS IN INDIA BANKING SECTOR IN POST LIBERALIZATION REGIME
ADHANA , D. K. (2020) A STUDY ON MEGA MERGER OF INDIAN PUBLIC SECTOR BANKS
BANU, B. (2021) A STUDY ON IMPACT OF MERGER IN INDIAN PUBLIC SECTOR BANKS
https//:m.rbi.org.in
https//:www.bankbazzar.com
https//:www.moneycontrol.com