Post-Merger Financial Performance of ICICI Bank

  • Vandana Gandhi Assistant Professor, Department of Management Technology, Shri Ramdeobaba College of Engineering and Management, Nagpur, Maharashtra, India https://orcid.org/0000-0001-6072-3129
  • Vishal Mehta Assistant Professor, Department of Management Technology, Shri Ramdeobaba College of Engineering and Management, Nagpur, Maharashtra, India
  • Prashant Chhajer Associate Professor, Department of Management Technology, Shri Ramdeobaba College of Engineering and Management, Nagpur, Maharashtra, India
Keywords: ICICI Bank, Mergers and Acquisitions, Ratio Analysis, CAMEL Model, Post-merger Financial Performance

Abstract

India has witnessed Mergers and Acquisitions across sectors and the most talked about mergers are those in the Banking sector. The banking sector attracts more attention because of the wide geographic spread and the scattered spectrum of stakeholders. Post liberalization banking sector has grown by leaps and bounds and has also seen a lot of mergers and acquisitions. ICICI bank is one of the biggest players among the private sector banks, adopted the merger and acquisition route for expansion. It witnessed four mergers and the same have been studied in this paper. Evaluation of the mergers has been done using the CAMEL model. For the study, three years’ pre-merger data and three years’ post-merger data have been taken into consideration. It was found that there was no significant improvement in the financial performance of ICICI Bank post these mergers.

Published
2020-04-01
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