• Sanjay Kumar

Indian banking sector is the backbone of Indian Economy. We need a very strong and com-presensive banking system in India to compete globally. The present Indian Banking System is a result of various reforms and policy changes and the biggest reform which took place on 15 Feb-ruary 2017, when Indian Govt. approved the proposal to merge all the remaining five SBI associ-ate banks alongwith Bhartiya Mahila bank with SBI with effect from 1st April 2017. The State Bank of India is the largest bank of the country in terms of Balance Sheet, No. of Branches, market capitalization etc. SBI has gone through numerous Phase of changes and transformations. Merger and Acquisition is not new elements for SBI. In past it has acquired State Bank of Saurastra in 2008 and after successful absorption of SBS , State Bank of Indore was merged in 2010. This time SBI was merged all the remaining 05 associates along with Bhartiya Mahila Bank at a single stroke.This is the first stance in indian Economy that more than 02 institu-tions have been acquired or mergered. This is why it is called Mega Merger. The paper will study on the long journey of SBI who sucessfully categories among top 50 Banks of the world.The focus of this paper has been placed on motives of this merger and effects of merger has also been discussed which include share value addition, financial position status, an-nouncement effect and HR policy and Employee and lastly impact of this mega merger on other Financials Institutions especially Public Sector Banks.

M&A, Associate Banks, Merger effects

"International Conference on “Emerging Trends and prospects of Modern Management in Global Business”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.57-62, May-2019, Available :http://www.jetir.org/papers/JETIRCC06012.pdf

"International Conference on “Emerging Trends and prospects of Modern Management in Global Business”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp57-62, May-2019, Available at : http://www.jetir.org/papers/JETIRCC06012.pdf