UNIVERSITY OF MUMBAI
(SIXTH SEMESTER)
T.Y.B.A.F.
A PROJECT ON:
MERGERS & ACQUISITIONS IN BANKING SECTOR
ACADEMIC YEAR:
2018-2019
SUBMITED BY:
XXXXXXXXXX
PROJECT GUIDE:
PROF. XXXXXX
DATE OF SUBMISSION:
25TH MARCH, 2019
XXXXXXXX
XXXXXXX
XXXXXXX
MUMBAI – 400 049
DECLARATION
I, XXXXX of XXXXXXXXXXXXXXXX, of T.Y.B.A.F. (Semester
VI) declare that I have completed this project on
“ MERGERS & ACQUISITIONS IN BANKING SECTOR” in the
academic year 2018 – 2019. The information submitted is true and
original to the best of my knowledge.
DATE OF SUBMISSION
25TH MARCH, 2019 SIGNATURE OF STUDENT
(XXXXXX)
CERTIFICATE
This is to certify that XXXXXXXXX of XXXXXXXXX COLLEGE
OF COMMERCE AND ECONOMICS, of T.Y.B.A.F. (Semester VI)
has completed the project on
“MERGERS & ACQUISITIONS IN BANKING SECTOR”, in the
academic year 2018 – 2019. The information submitted is true and
original to the best of his knowledge.
____________________ ________________________
SIGNATURE OF PRINCIPAL SIGNATURE OF PROJECT GUIDE
( XXXXX) (PROF. XXXXXXX)
_________________________ ___________________________________
COLLEGE SEAL SIGNATURE OF BAF CO-ORDINATOR
([Link]) (PROF. XXXXXXXXXX)
_____________________________________
SIGNATURE OF EXTERNAL EXAMINER
ACKNOWLEDGEMENT
A successful and satisfactory completion of any project is the outcome of invaluable
and aggregate contribution of personal skill in the radical direction and the guidance
of the concerned authorities. Even the best efforts are wasted without a proper
guidance and advice. The success of any project is the result of hard work, dedication
and the support of the well-wishers.
It is my privilege to express my sincere gratitude to all those who helped me directly
or indirectly in completion of this project report. I am greatly indebted to Prof.
XXXXXX for her support, guidance and valuable suggestions by which this work has
been completed effectively and efficiently.
I would like to thank my Principal, XXXXX for providing the necessary facilities
required for completion of this project.
I wish to appreciate the management and staff of XXXXXXXXX College, BAF, for
providing the entire state of the art infrastructure and resources to enable the
completion and enrichment of my project.
These all contributions are of immense value. Last but not least, I am indebted to
those people who indirectly contributed and without them this work would not have
been possible. Endeavour has been made to make the project error free yet, I
apologise for the mistakes.
TABLE OF CONTENTS
SR. TOPIC PG.
NO. NO.
1. EXECUTIVE SUMMARY 1
2. SIGNIFICANCE OF PROJECT 3
3. INTRODUCTION 4
4. INDIAN BANKING-AN OVERVIEW 6
5.. MERGER AND ACQUISITON AN OVERVIEW 7
6. DISTINCTION BETWEEN 9
MERGERS AND ACQUISITIONS
7. FINANCING M&A 10
8. MERGER WAVES 14
9. BANK OF AMERICA – MERRILL 15
LYNCHACQUISITION
10. A STUDY ON MERGERS OF HDFCBANK LTD AND 34
CENTURION BANK OF PUNJAB LTD.
11. MERGERS OF ICICI BANK WITH BANK OF MADURA 37
-A STRATEGIC APPROACH
12. MERGER OF CENTURION BANK WITH BANK OF 40
PUNJAB IN 2005
13. M&A IN THE INDIAN BANKING SECTOR AS AN 49
OPPORTUNITY
14. DESCRIPTIONS OF THE STAGES OF MERGERS AND 51
ACQUISITIONS INTEGRATION PROCES
15. MOTIVES FOR MERGERS AND ACQUISITIONS IN 53
THE INDIAN BANKING SECTOR
16. SPECIFIC OBSERVATIONS AND STATISTICS 55
17. CONCLUSION 60
18. REFERRENCES 61
