EVALUATION OF MERGER OF HDFC BANK AND CENTURION BANK OF PUNJAB EVA ANALYSIS
Keywords:
Banks, Merger and Acquisition, EVAAbstract
The liberalization of the Indian business has witnessed several business entities increasing their size through expansion, diversification and merger and acquisitions. The expectation of this exercise is that the large entity will bring in improved efficiency and profitability. The banking industry in India also has witnessed a few mergers like the Times Bank merging with HDFC bank, Bank of Madura with ICICI Bank etc. Since the merger is done with a view to improve the business performance metrics, it is imperative to evaluate whether the merger of the entities has created value to the shareholders. Hence this study of the merger of Centurion Bank of Punjab with HDFC bank.
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