Volume 8, Issue 1, September 2014, Pages 50–63
Ms. Mamta Bhardwaj1
1 Assistant Professor, Department of Commerce, University of Delhi /Janki Devi Memorial College New Delhi, Delhi, India
Original language: English
Copyright © 2014 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Mergers and acquisitions in banking sector have become familiar in the majority of all the countries in the world. A large number of international and domestic banks all over the world are engaged in merger and acquisition activities. Mergers and acquisitions in India with Banking sector are on the rise. Volume of M&A in India in 2009 have grew two fold from 2008 and four times compared to 2007. (M&As) activities of Indian companies slowed down in 2013 to a total of nearly 500 deals worth $27 billion, but the momentum is set to pick up in 2014 especially after the elections. Important M&A in India in banking sector in recent years include the merger between IDBI (Industrial Development bank of India) and its own subsidiary IDBI Bank. Another important merger was between Centurion Bank and Bank of Punjab in 2005 this merger led to the creation of the Centurion Bank of Punjab and later on 25 feb,2008 HDFC Bank acquired the Centurion Bank of Punjab (CBoP) for Rs 9,510 crore is one of the largest merger in the financial sector in India.The objective of the project was to find out whether the merger and acquisition deal between the two banks ie (Centurion Bank and Bank of Punjab) was successful or not ? An attempt has been made to draw the results of the case (Centurion Bank with Bank of Punjab) while analyzing the impact of these merger and acquisition on the employees, customers, organization , and on its shareholders.? And then finally the conclusion was that the merger activity has become good for both the banks ,the overall efficiency and the productivity increases over the years.
Author Keywords: Mergers & Acquisition, Market Expansion, Net worth, Operating expense.
Ms. Mamta Bhardwaj1
1 Assistant Professor, Department of Commerce, University of Delhi /Janki Devi Memorial College New Delhi, Delhi, India
Original language: English
Copyright © 2014 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
Mergers and acquisitions in banking sector have become familiar in the majority of all the countries in the world. A large number of international and domestic banks all over the world are engaged in merger and acquisition activities. Mergers and acquisitions in India with Banking sector are on the rise. Volume of M&A in India in 2009 have grew two fold from 2008 and four times compared to 2007. (M&As) activities of Indian companies slowed down in 2013 to a total of nearly 500 deals worth $27 billion, but the momentum is set to pick up in 2014 especially after the elections. Important M&A in India in banking sector in recent years include the merger between IDBI (Industrial Development bank of India) and its own subsidiary IDBI Bank. Another important merger was between Centurion Bank and Bank of Punjab in 2005 this merger led to the creation of the Centurion Bank of Punjab and later on 25 feb,2008 HDFC Bank acquired the Centurion Bank of Punjab (CBoP) for Rs 9,510 crore is one of the largest merger in the financial sector in India.The objective of the project was to find out whether the merger and acquisition deal between the two banks ie (Centurion Bank and Bank of Punjab) was successful or not ? An attempt has been made to draw the results of the case (Centurion Bank with Bank of Punjab) while analyzing the impact of these merger and acquisition on the employees, customers, organization , and on its shareholders.? And then finally the conclusion was that the merger activity has become good for both the banks ,the overall efficiency and the productivity increases over the years.
Author Keywords: Mergers & Acquisition, Market Expansion, Net worth, Operating expense.
How to Cite this Article
Ms. Mamta Bhardwaj, “A study of Merger and acquisition between Centurion Bank with Bank of Punjab: Analysing Premerger and Postmerger Financial Performance,” International Journal of Innovation and Scientific Research, vol. 8, no. 1, pp. 50–63, September 2014.
