Abstract: Before 1935 Indian Banking sector was completely dominated by private players and were managed and organized by individual people or industrial houses, which collected deposits from individuals and used them for their personal purposes. As there was no governing authority and regulatory framework, these private owners of banks have monopoly to use the funds in any manner which has resulted into bank failures.
Intention of nationalizing banks was to make banking services to have mass effects that can be attributed as "first- banking revolution". Commercial banks acted as an instrument for undertaking speedy branch expansion, deposits mobilization and credit creation. Therefore, 14 banks were nationalized in 1969 and further 6 more commercial banks were nationalized in 1980, so as to manage the economy in compliance with national objectives and strategies.....
Keywords: Merger and Acquisition, Synergies, Financial Synergies, Success and Failure of Mergers and Acquisitions
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