A Study on pre and post effect of merger on financial performance of SBI and its Associate Banks

Abstract

Service sector is playing the vital role in accelerating the growth of different sectors across newlinevarious countries. The services sector is not only the dominant sector in India s GDP, but has newlinealso attracted significant foreign investment, has contributed significantly to export and has newlineprovided large-scale employment. The services sector of India remains the engine of growth newlinefor India s economy and contributed 53% to India s Gross Value Added at current prices in newlineFY21-22 (as per advance estimates). The financial and economic conditions in the country newlineare far superior to any other country in the world. Banking sector in India has been one of the newlinetop performers in the markets. Credit, market and liquidity risk studies suggest that Indian newlinebanks are generally resilient and have withstood the global downturn well. India s banking newlinesector worth Rs. Rs 77 trillion is standing at par with banking industries of developed nations. newlineThe Indian banking system consists of 12 public sector banks, 22 private sector banks, 46 newlineforeign banks, 56 regional rural banks, 1485 urban cooperative banks and 96,000 rural newlinecooperative banks in addition to cooperative credit institutions. In 2020-2022, bank assets newlineacross sectors increased. Total assets across the banking sector (including public and private newlinesector banks) increased to US$ 2.67 trillion in 2022. In 2022, total assets in the public and newlineprivate banking sectors were US$ 1,594.51 billion and US$ 925.05 billion, respectively. newline