OBJECTIVE- Here our main objective is to analyse the impact of mergers and acquisition in banking
sector in India. We will try to find out from the experience of US and EU how Indian banking sector
will respond if some major players merge together. In this report we will create a situation in which
five big players in banking sector merge together and we will analyse the effect of merger on Indian
Banking sector.
In the past three decades, India's banking system has earned several outstanding achievements to its
credit. The most striking is its extensive reach. It is no longer confined to metropolises or cities in
India. In fact, Indian banking system has reached even to the remote corners of the country.
1
This is
one of the main aspects of India's banking growth story. The first banks were Bank of Hindustan
(1770-1829) and The General Bank of India, established 1786 and since defunct.