Critical Study of the Adverse Effects of Merger of Banks in the Indian Economy

Abstract

When we were small, whenever we thought of saving some money, we ended up giving it to our parents. But as grown-ups, banks hit our minds the moment thoughts of saving money start spurring. But why is it so? It is because, banks are the most secure place to save our hard-earned money. A bank is a financial institution that particularly deals with deposits, advances and many other related services. The bank not only works as an institution to save money but it rather fosters the economy or hinders the same and most obvious generate employment as well. When the economy is adversely affected by the policies of the government, it is obvious that it will either take the Indian economy to the zenith or it would hit the rock bottom. Here, our article is going to discuss how the merging of Banks has affected the Indian economy and how non-performing assets of the banks are being recovered. The aim of this paper is to probe & investigate how merging has helped the Indian economy and the bank itself in the top 100 global lists of the economic survey