Pre-Post Merger Financial Performance : An Analysis of ICICI Bank with Bank of Rajasthan Ltd

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