Synopsis If the banking sector saw a consolidation process, it was all due to the spurt of mergers and acquisitions (M&As) in other industries. Banks merged to keep costs and prices low, leverage on advanced technology, diversify risk, increase market reach and provide a one-stop financial solution to its customers. Worldwide, this transformation first began when Europe’s two largest banks, Union Bank of Switzerland and Swiss Bank Corp, merged. Similar deals took place in the USA too and in India. Post-1991 crisis, economic reforms took off and soon transformed the Indian banking industry with the help of global technology developments. Read this book for issues and processes relating to mergers, in the context of the contemporary Indian scenario and the global experience.