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- Title
Valuing a Deal - Kotak Mahindra Bank and ING Vysya Bank : A Case Study.
- Authors
Rao, K. S.; Kumar, K. Phani
- Abstract
Consolidation is one of the notable trends in the banking sector adopted for the growth of Indian Banking Industry. One of the tools used for consolidation is Mergers and Acquisitions (M&A) that bring in cost reduction and increasing revenue. M&A is driven with the objective of leveraging the synergies expected to arise out of the consolidation. It helps banks to save the costs that are incurred on opening of new bank branches. Competition is minimized when there is less number of banks leading to an increased market share. M&A also helps in better utilization ofresources. The Indian banking sector has witnessed many M&As in the recent past. The last decade saw some big players like the ICICI bank and HDFC bank acquiring Bank of Rajasthan and Centurion Bank of Punjab. In addition to this, two public sector banks, United Bank of India and Dena bank are also getting merged with bigger entities. The given case study analyzes the takeover deal of ING Vysya bank by Kotak Mahindra bank and the synergies gained by the deal.
- Subjects
INDIA; ING Vysya Bank Ltd.; KOTAK Mahindra Bank Ltd.; BANK mergers; BANKING industry; INDUSTRYWIDE conditions
- Publication
Anvesha, 2016, Vol 9, Issue 1, p1
- ISSN
0974-5467
- Publication type
Case Study