International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Merger and Acquisition in Indian Banking System

Author(s) Arya, Prof. Ruchi Atri
Country India
Abstract In the emerging economy with the changing scenario in the banking sector there are various steps taken to strengthen the financial sector. Since the aeon of globalisation and post-liberalisation of the Indian economy, the banking sector has begun to reform itself with the changing period of time. But since 2019 with the move to grow toward $5 trillion economy many steps had been taken in the banking sector, one of the major steps in the history of banking sector was the mega merger. In 2019 under union finance minister Nirmala Sitharaman in the form of mega merge in the banking sector many banks were merged, such as Punjab national bank with united bank of India and oriental bank of commerce (making it a 2nd largest public sector bank), Canara bank with syndicate bank (making it a 4th largest public sector bank) and recently hdfc merged into hdfc ltd (the biggest mortgage lender) on 4th pril,2022. This study deal with the merger and acquisition in the banking sector, types of mergers, history of merger and acquisition, reasons and outcomes
Field Business Administration
Published In Volume 6, Issue 2, March-April 2024
Published On 2024-04-05
Cite This Merger and Acquisition in Indian Banking System - Arya, Prof. Ruchi Atri - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.16367
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