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A Study On Pre Post Performance Evaluation Of Merger And Acquisition Of Selected Indian Banks
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Book Synopsis A Study on Pre & Post Performance Evaluation of Merger and Acquisition of Selected Indian Banks by : Jigna C. Trivedi
Download or read book A Study on Pre & Post Performance Evaluation of Merger and Acquisition of Selected Indian Banks written by Jigna C. Trivedi and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Indian banking sector has witnessed revolution due to tough competition from private and international counter parts. Traditional Indian banks are trying to makeover and match in terms of services provided by foreign and private counterparts. Growth and extension have become indispensable for corporate. Mergers and Acquisitions (M&As) are an easy route to achieve the twin objective. Businesses across the corporate world have only two options in hand to expand their operation and gain substantial profits. One way is to grow through internal expansion by means of introducing new technologies, altering the course of operations, enhancing work performance, and establishing new lines of products or services. Through this, the business grows gradually over time but the new strategy of external expansion has completely changed the business sector across the world. This external expansion takes place in the form of merger, acquisitions, takeovers, and amalgamations, dramatically supporting the globalization of businesses. M&A are value spinners for investors. Present paper tries to compare and evaluate the pre-merger and post- merger scenario of the selected Indian banks. Major ratios are studied to identify the overall impact of the profitability of the banks on account of mergers and acquisitions.
Book Synopsis Post-Mergers and Acquisitions Performance of Select Indian Banks by : Sathiya Murthy Sridharan
Download or read book Post-Mergers and Acquisitions Performance of Select Indian Banks written by Sathiya Murthy Sridharan and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper examines the impact of Mergers and Acquisitions (M&As) on the financial efficiency of selected banks in India. The post-M&A performance is measured using the ratio analysis. The main focus is on the overall profitability parameters, liquidity parameters, solvency parameters and overall efficiency parameters. We found significant change in the earnings of the shareholders; a little change in liquidity position; significant change in the long-term solvency position of the firms; and significant change in the overall efficiency of the banks during the post-merger period 2008-2013. The results of the study indicate that M&As in India have significant impact on the financial performance of banks and that the acquiring firms were able to generate value.
Book Synopsis Analysis Of Mergers And Acquisitions In The Indian Banking Sector Under Post Liberalization Era by : Rahul KrishnajiKavishwar
Download or read book Analysis Of Mergers And Acquisitions In The Indian Banking Sector Under Post Liberalization Era written by Rahul KrishnajiKavishwar and published by Archers & Elevators Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pre-Merger and Post-Merger Financial & Stock Return Analysis by : Ritesh Patel
Download or read book Pre-Merger and Post-Merger Financial & Stock Return Analysis written by Ritesh Patel and published by . This book was released on 2015 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking is one of the important sector of Indian economy. This paper is prepare to check that whether is any improvement in financial & stock return in banks in post-merger period. For this purpose, six banks have been selected whose merger is done in duration of 2006-2008. Study is carried out by comparing various financial parameters. Study has revealed that overall impact of merger and acquisition is positive on the Indian banking sector. Merger between the two banks is beneficial for Indian banks.
Book Synopsis Mergers and Acquisitions An Empirical Study of Selected Indian Companies by : Dr Leesa Mohanty
Download or read book Mergers and Acquisitions An Empirical Study of Selected Indian Companies written by Dr Leesa Mohanty and published by Archers & Elevators Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Does Merger Be Prolific? A Study of Selected Indian Banks by : Mitesh Patel
Download or read book Does Merger Be Prolific? A Study of Selected Indian Banks written by Mitesh Patel and published by . This book was released on 2015 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking Industry plays an important role in the economic development of India. For strengthening structure of banks, merger is adopted. This study is undertaken with an objective to check improvement in financial performance of banks after merger. This study is undertaken on selected 4 banks where 2 banks are private sector banks and 2 public sector banks. For this study, data of 10 years, i.e. 5 years before merger and 5 years after merger are considered. A comparison between pre and post-merger financial performance in terms of net profit margin, return on net worth, return on long-term fund and return on assets is done. This Study is undertaken by applying Mean score and paired sample t-test. For IDBI Bank, merger has improved financial performance where as for other banks merger remain somewhat beneficial as par as financial performance is concern. Overall impact of merger and acquisition is positive on Indian banking sector. It can be concluded that merger between the two banks is beneficial for Indian banks. Merger does not resulted in improvement of financial performance of any bank. This study is useful to investors and depositors to take their investment decisions.
Book Synopsis Impact Of Corporate Merger On Financial Performance And Hrm Policies And Practices: A Study On Selected Indian Companies by : Dr Ratna Roy
Download or read book Impact Of Corporate Merger On Financial Performance And Hrm Policies And Practices: A Study On Selected Indian Companies written by Dr Ratna Roy and published by Archers & Elevators Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Dennis C. Mueller Publisher :Cambridge, Mass. : Oelgeschlager, Gunn & Hain ; Königstein/Ts. : Verlag A. Hain ISBN 13 : Total Pages :402 pages Book Rating :4.3/5 (97 download)
Book Synopsis The Determinants and Effects of Mergers by : Dennis C. Mueller
Download or read book The Determinants and Effects of Mergers written by Dennis C. Mueller and published by Cambridge, Mass. : Oelgeschlager, Gunn & Hain ; Königstein/Ts. : Verlag A. Hain. This book was released on 1980 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Impact of Mergers and Acquisitions on Financial Performance by : Anurag Pahuja
Download or read book Impact of Mergers and Acquisitions on Financial Performance written by Anurag Pahuja and published by . This book was released on 2016 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mergers and acquisitions (M&As) have become an essential mechanism of Corporate Restructuring. In the past two decades, there has been an upsurge in the volume of M&A activity in diverse sectors such as finance, pharmaceuticals, telecom, FMCG and banking sector. The banking industry has also witnessed its own share of M&A activity. The paper is an attempt to analyze the effect of mergers on the pre and post merger performance of Indian Banks. Various ratios along with event study methodology have been used to find out the effect of mergers and acquisitions on the performance of acquiring firms for both pre and post-acquisition periods. The results provide no statistically significant evidence of any impact of mergers and acquisitions on the firm profitability as measured through various ratios.
Book Synopsis India Banking and Finance Report 2021 by : Ray, Partha
Download or read book India Banking and Finance Report 2021 written by Ray, Partha and published by SAGE Publishing India. This book was released on 2021-05-01 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: India Banking and Finance Report 2021 presents a lucid yet rigorous discussion on the key facets of the Banking and Financial sector in India. Written primarily by the faculty of National Institute of Bank Management (NIBM), Pune, the report covers a wide spectrum of issues ranging from contemporary macro-financial perspectives against the backdrop of the ongoing pandemic to leadership concerns in Indian banks. The list of subjects included is topical, comprising corporate governance challenges, mergers and acquisitions, problems and prospects of the Bad Bank, latest risk management concepts and frontiers, sectoral studies, digital transformation and leadership paradigms. The report seeks to highlight the emerging challenges and opportunities in the banking and financial sector, glean important lessons from the past, and in some cases speculate on the way forward. It emphasizes on a blend of internal strategies, regulatory reforms and public policy initiatives. The report will stimulate enlightened dialogues on the theoretical, empirical and practical aspects of bank management in India.
Book Synopsis AN EMPIRICAL STUDY OF MERGERS AND ACQUISITIONS OF FINANCIAL PERFORMANCE OF TATA GROUP by : Shailaja Dharmagi Kelshikar
Download or read book AN EMPIRICAL STUDY OF MERGERS AND ACQUISITIONS OF FINANCIAL PERFORMANCE OF TATA GROUP written by Shailaja Dharmagi Kelshikar and published by Self Publication. This book was released on 2023-02-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate restructuring has become the major source for the economic development. Indian firms are exposed to the competition and competitiveness across the world. Hence, mergers and acquisitions have been accepted as a major strategic decision by the corporate at the wide level. To sustain with the world level corporate competition, combinations, market share Indian companies have gone for various combinations in the Indian industry. There has been an excess of mergers and acquisitions happening in the Indian industry. Tata Group of companies is one of the proactive respondents to such dynamic Indian industrial environment. It is said that Jamsetji Tata was always ahead of time and as result, a many leaderships and pioneering activities are booked with their names. The group is 148 years old devoted to Indian corporate sector. They have been always the proud for India due to their noble contribution to Indian economy. The Indian conglomerate, was the first for cross border deal, was the first to start India's first integrated power plant, was the first to gift "White Elephant" - Taj, India's first luxurious hotel, was the first to think for Indian family of four to offer the cheapest car "Nano", and water purifier "Swach" and many more. The present study focuses on studying the pre and post-merger financial performance of the selected Tata group companies. Tata group has booked many corporate restructuring in different forms. The researcher puts in the efforts over here to analyse the effect of merger and acquisition decision of the company on the profitability, liquidity, leverage, operational efficiency of the merged company. First chapter deals with the conceptual clarity of corporate restricting as broad umbrella for the various types of changes to be made to existing structure of the corporate. The details like forms, type, reasons, motives and major merger and acquisition cases at the worldwide, in Indian industry Second chapter deals with the literature review done by the researcher. Researcher has taken various existing literature from different sources, which relates to the study. It includes the scholarly articles, research papers from reputed journals, online journals from authentic web sites and thesis related to the topic of the researcher are even considered.
Book Synopsis Effect of Merger on Financial Performance in Banking Industry by : Megha Aggarwal
Download or read book Effect of Merger on Financial Performance in Banking Industry written by Megha Aggarwal and published by . This book was released on 2018 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the era of 21 century, companies adopt various strategies to grow rapidly in their sector or new origin or field. One major aspect of such strategies is Merger and Acquisition, commonly known as M&A, widely used by the organizations. Where Merger is a mutually agreed decision by the companies, Acquisitions are the takeovers or unwilling deals between the organizations. Major benefit as considered by any organization is the benefit of synergy i.e., creating value which is greater than the simple total of its parts. Experiencing for other benefits such as entering in new market, cost reduction, cross selling, risk diversification, increasing shareholder's value, M&A can be done within the industry or outside the industry. Reports on daily basis provided by media for various update of any of the industry either bollywood for latest releases, sports for world cup matches or stock market for ups and downs. Banking Industry in India is also in news for its various deals of Mergers and Acquisitions from long years back. Various mergers have taken place in the industry such as State Bank of India acquired Bank of Bihar Ltd and National Bank of Lahore in the year 1969 and 1970 respectively. ICICI Bank has done many mergers with different banks. It got started to acquire banks in 2001 with Bank of Madura Ltd, in 2002 with ICICI Personal Finance Services Ltd and ICICI Capital Services Ltd, in 2007 with Sangli Bank Ltd., in 2010 with the Bank of Rajasthan (BoR). This paper focuses on one of these mergers i.e., ICICI Bank (Acquirer) and The Bank of Rajasthan (Target). The main objective of this paper is to analyze financial performance of ICICI bank pre and post-merger. Financial performance has been analyzed with the help of ratios specifically in the areas of profitability, Liquidity and Leverage. Further T-test has been used to determine the significance differences in these financial performance areas. Analyses show that there is a significant benefit has been achieved by ICICI Bank after the merger. Analysis also shows that there is significant improvement in company's return on equity, interest coverage, earnings per share and dividend per share in post merger period.
Book Synopsis Impact of Mergers and Acquisitions on the Performance of the Indian Bank's Share Price by : Yaduveer Yadav
Download or read book Impact of Mergers and Acquisitions on the Performance of the Indian Bank's Share Price written by Yaduveer Yadav and published by . This book was released on 2019 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an investigation into the relationship between the announcement of mergers and acquisition and the existence of positive abnormal returns for shares of these firms. The aim of this project is to examine the impact of Merger and Acquisition on the stock prices of Indian Banks by using the Event Study Methodology; it is one of the most frequently used tools in financial research. The objective of Event Study is to assess whether there are any abnormal or excess returns earned by security holders accompanying specific events (e.g. merger announcements, earnings announcements, stock splits), where an abnormal return is the difference between observed return and appropriate return by stock market during a particularly defined event window.In order to analyse the effect of announcement of bank's Merger and Acquisition on stock price, we have considered four cases of Mergers in banking sector. In this study, we tested our results by analysing the daily return of the event windows and compare with average pe-riod return of security. By accepting the abnormal return as a benefit of the acquisition and investors of Acquirer Company received profit in term of share value appraisal. We observed that acquirer got benefit by the acquisition deals and it reflect through the excess return over the normal return of bank's share prices. In last 10 to 15 years banking industry passed through different scenario and to compete in this scenario some banks acquired other banks to improve their own market cap and financial conditions with expanding market by acquisition. The purpose of this study is to figure out the effect of the acquisition on the share capitalization value of the Acquirer Company and abnormal return due to the acquisition. This paper is based upon the secondary data analysis of the acquirer company share prices movements in respect of the market index price movements.
Book Synopsis Applied Mergers and Acquisitions by : Robert F. Bruner
Download or read book Applied Mergers and Acquisitions written by Robert F. Bruner and published by John Wiley & Sons. This book was released on 2016-02-08 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to the world of mergers and acquisitions Why do so many M&A transactions fail? And what drives the success of those deals that are consummated? Robert Bruner explains that M&A can be understood as a response by managers to forces of turbulence in their environment. Despite the material failure rates of mergers and acquisitions, those pulling the trigger on key strategic decisions can make them work if they spend great care and rigor in the development of their M&A deals. By addressing the key factors of M&A success and failure, Applied Mergers and Acquisitions can help readers do this. Written by one of the foremost thinkers and educators in the field, this invaluable resource teaches readers the art and science of M&A valuation, deal negotiation, and bargaining, and provides a framework for considering tradeoffs in an effort to optimize the value of any M&A deal.
Book Synopsis Pre-Post Merger Financial Performance by : Nidhi Nalwaya
Download or read book Pre-Post Merger Financial Performance written by Nidhi Nalwaya and published by . This book was released on 2017 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The corporate sector, be it Services or Manufacturing globally is restructuring its operations through mergers and acquisitions in an unprecedented manner. This phenomenon is more predominant in hyper-competitive markets like India. Indian companies like HDFC Bank, ICICI bank, Airtel etc. are reckoned as global competitors in their sectors. These Indian firms have also learnt that inorganic growth is a faster mechanism. M&As are used by corporate sector to eye the units all around the operational region which, in-turn, will help them restructure financially. The driving force is restructuring the corporate entities financially through the medium of M&As.Since Mergers and Acquisitions have emerged as a natural process of business restructuring throughout the world and financial restructuring through mergers and acquisitions evokes a great deal of public interest and perhaps represent the most dynamic facet of corporate strategy and evolution, the researcher found it suitable to study the impact of mergers and acquisitions on financial performance vis Value Creation of Indian companies. For the purpose the researchers have taken the case of merger/acquisition from the Banking sector - ICICI Bank - Bank of Rajasthan Ltd.
Book Synopsis Assessing Financial Performance of Merged Banks in India Using the Dupont Model by : Kwadwo Boateng
Download or read book Assessing Financial Performance of Merged Banks in India Using the Dupont Model written by Kwadwo Boateng and published by . This book was released on 2020 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: A merger can be explained as a combination of two or more companies into one giant company. Indian banking history cannot be written without mentioning Mergers and Acquisition. This study was conducted to assess the financial performance of three selected merged banks (IDBI, HDFC, and ICICI) using the DuPont model. The paper compared the pre and post-merger performance based on parameters such as Profit margin, Asset yield, Financial leverage, Return on assets, and Return on equity. To ascertain whether there was an improvement in performance or not after the merger, a paired sample t-test was conducted. This study concluded that although mergers are supposed to bring synergy and economies of scale, companies should not expect instant improvement in all aspects of their performance indicators.
Book Synopsis Consolidation in Indian Banking Sector: Evidence and Challenges Ahead by : Brajesh Tiwari
Download or read book Consolidation in Indian Banking Sector: Evidence and Challenges Ahead written by Brajesh Tiwari and published by . This book was released on 2013-03-03 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global mantra Liberalization, Privatization and Globalization (LPG) process which was started in early 1990s has brought so many changes in the economic scene of the country. This process of economic reforms has brought competition not only from India but also from Overseas. In the corporate world it is said if you can't beat your competitor then go with them i.e. merge your company with your rival or take them over. So all it boils down to is the survival of the fittest. This process helps in attaining greater market share, acquiring additional brands, cannibalizing competing brands, realizing improved infrastructure, creating new synergies, and capitalizing on efficiencies and economies of scale or to globalize in the shortest span of time. Banking system is deemed as the bloodline of any economy and banks are trustees of public money. Therefore, its depositors have higher stake in welfare and growth of banks than its shareholders. The failure of a bank has more widespread implications than a failure of a manufacturing company. The banking sector reforms, introduced in the early nineties and continued since then, from part of the overall economic reform programme aimed at improving the competitiveness and efficiency of the economic system. The banking reforms, similarly, were also aimed at making banks more efficient and viable. Because of these reforms the capital adequacy of the Indian banks is now on par with international standards. Similarly, the level of net non-performing assets has come down to very manageable levels. An issue that is in the forefront of banking reforms currently is that of bank consolidation. To meet the challenges of global economy and to face increased global competition, Indian banks are changing their strategic focus and re-orienting their operations though restructuring processes to achieve the efficiencies required to survive and integrate into global economy. Prior to 1999, the amalgamations of banks were primarily triggered by the weak financials of the banks being merged, whereas in the post-1999 period, there have also been mergers between healthy banks. However, merger of public sector healthy banks have not taken place till now. Consolidation will provide Indian banks the 'size advantage' that most foreign banks have. Recent reports on banking sector often indicate that India is slowly but surely moving from a regime of `large number of small banks' to `small number of large banks'. The Government of India and RBI has also mentioned at several occasions that an early consolidation in banking industry is needed. But before banks go in for mergers, they need to chalk out a detailed plan on how to tackle challenges such as technology integration, HR management, and many other issues into consideration. This Book "Consolidation in Indian Banking Sector: Evidence and Challenges Ahead" is a modest attempt to cover all important issues regarding M&A in Indian Banking Sector. The whole study is divided into five chapters. The first chapter: Introduction, is introductory in nature briefly traces out the evolution of Mergers and Acquisitions (M&A) in India in banking sector. The second chapter: Review of Literature; focuses on the review of related studies of mergers and acquisitions undertaken by different scholars and researchers. The third chapter: briefly discusses M&A activity in Indian Banking Industry and also covers various laws related to M&A. The fourth chapter: Mergers and Acquisitions in the Banking Industry: An Analysis -I; makes a comparison of actual and predicted values of selected variables in banks under study. With the help of statistical tools the effectiveness of M&A has been tested. The fifth chapter: Mergers and Acquisitions in the Banking Industry: An Analysis -II; analyses the performance of the selected banks by using various financial ratios.
