MERGER and ACQUISITION IN INDIAN BANKING SECTOR AN EMPIRICAL STUDY

Abstract

Indian banking sector has been facing different issues in several period of time like technology adoption and risk management (Goyal and Joshi, 2012), international capital norms (Manikyam, 2014), asset quality (Sindhu. 2019), convergence of IFRS (Das, Panda and Mishra, 2013), rural banking challenges (Venkateswari, Suresh and sujatha, 2016) etc. It was witnessed in the past that banks have faced acute financial crisis. Such crisis endangered the sustainability of the bank. In the remedy, Government tried to recapitalise the bank and also used merger as a survival strategy in Indian banking sector. Sick bank was snowballed to amalgamate with the high performed bank. newline