An Analytical Study of Merger of Syndicate Bank with Canara Bank

Shiv Swaroop Jha; Premanand .

doi:10.48001/jbmis.2023.1002003

Shiv Swaroop Jha Research Scholar, University Department of Commerce & Management, Bhim Rao Ambedkar Bihar University, Bihar https://orcid.org/0000-0003-4256-7243
Premanand . Dean, University Department of Commerce & Management, Bhim Rao Ambedkar Bihar University, Bihar https://orcid.org/0009-0003-8929-792X

DOI: https://doi.org/10.48001/jbmis.2023.1002003

Keywords: Indian banks, Merger, Synergy, Stock price, Shareholders

Abstract

Most companies employ mergers and acquisitions to improve and retain their market standing. The banking business in India is expanding fast now. The Indian banking sector has seen an increase in the number of mergers and acquisitions in the more recent years. This study throws some lights on the recent merger in Indian banking industries and analyses how the merger between Canara Bank and a syndicate bank affected the acquiring Bank's wealth, profitability, and overall performance after the merger was completed. Mergers and acquisitions have been a relatively recent trend in the Indian banking industry. It paves the way for banks to become industry leaders and provide exceptional returns to their investors.

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