Mergers in Banking Industry of India
www.ajbms.org ISSN: 2047-2528
Asian Journal of Business and Management Sciences Vol. 1 No. 2 [157-165]
MERGERS IN BANKING INDUSTRY OF INDIA: SOME EMERGING ISSUES
Dr. K.A. Goyal Convener & Head, Management Department, B.N.P.G. College, Udaipur. Vijay Joshi Research Scholar, Department of Business Administration, UCCMS, MLSU, Udaipur. ABSTRACT The world of competition is like a jungle where monsters gobble smaller ones therefore one has to be competent enough to win the rivalry. There are evidences that large enterprises have merged smaller competitors in themselves. This review article on mergers in banking industry has been ignited from the case of the Bank of Rajasthan Ltd. and ICICI Bank Ltd. The aim of this paper is to probe the motives of banks for mergers and acquisition with special reference to Indian Banking Industry. For this purpose sample of 17 mergers (post liberalization) of Banks is taken. This study is conducted on the basis of number of branches, geographical penetration in the market and benefits from the merger. Apart from their financial aspects, this article also raises certain questions from the point of view of Human Resources Management and Organization Behaviour for scholars and researchers. This article leaves footprints on the way of further studies on mergers and acquisitions from a different outlook. Key Words: Mergers and Acquisitions, Indian Banking Industry, Motives.
OVERVIEW OF INDIAN BANKING INDUSTRY The history of Indian Banking shows that seeds of banking in India were sown back in the 18th century when efforts were made to establish the General Bank of India and Bank of Hindustan in 1786 and 1790 respectively. Later some more banks like Bank of Bengal, Bank of Bombay and the Bank of Madras were established under the charter of British East India Company. These three banks were merged in 1921 and it formed the Imperial Bank of India, which later became the State Bank of India. The period between 1906 and 1911 witnessed
Asian Journal of Business and Management Sciences Vol. 1 No. 2 [157-165]
MERGERS IN BANKING INDUSTRY OF INDIA: SOME EMERGING ISSUES
Dr. K.A. Goyal Convener & Head, Management Department, B.N.P.G. College, Udaipur. Vijay Joshi Research Scholar, Department of Business Administration, UCCMS, MLSU, Udaipur. ABSTRACT The world of competition is like a jungle where monsters gobble smaller ones therefore one has to be competent enough to win the rivalry. There are evidences that large enterprises have merged smaller competitors in themselves. This review article on mergers in banking industry has been ignited from the case of the Bank of Rajasthan Ltd. and ICICI Bank Ltd. The aim of this paper is to probe the motives of banks for mergers and acquisition with special reference to Indian Banking Industry. For this purpose sample of 17 mergers (post liberalization) of Banks is taken. This study is conducted on the basis of number of branches, geographical penetration in the market and benefits from the merger. Apart from their financial aspects, this article also raises certain questions from the point of view of Human Resources Management and Organization Behaviour for scholars and researchers. This article leaves footprints on the way of further studies on mergers and acquisitions from a different outlook. Key Words: Mergers and Acquisitions, Indian Banking Industry, Motives.
OVERVIEW OF INDIAN BANKING INDUSTRY The history of Indian Banking shows that seeds of banking in India were sown back in the 18th century when efforts were made to establish the General Bank of India and Bank of Hindustan in 1786 and 1790 respectively. Later some more banks like Bank of Bengal, Bank of Bombay and the Bank of Madras were established under the charter of British East India Company. These three banks were merged in 1921 and it formed the Imperial Bank of India, which later became the State Bank of India. The period between 1906 and 1911 witnessed