ABSTRACT
This study investigates the post-merger financial performance of selected Indian banks that underwent consolidation during the COVID-19 pandemic. Using secondary data collected from the Money Control database, the research evaluates the impact of mergers on five financial indicators: net profit margin, net interest margin, return on equity, gross non-performing assets, and net non-performing assets. The analysis includes a three-year pre- and post-merger comparison for five major Indian banks: Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, and Indian Bank. Quantitative methods, particularly bar graph visualizations, are used to compare financial outcomes before and after the merger. The results reveal an overall improvement in financial performance post-merger, with increased profitability and reduced non-performing assets across most institutions. The year 2020 witnessed an exception due to the adverse effects of the pandemic, which temporarily diminished the gains from mergers. However, from 2021 onwards, the banks exhibited stronger returns, demonstrating that mergers can be an effective strategy for achieving financial synergy and recovery in volatile economic conditions. The study concludes that strategic consolidation positively influences the financial health of banks in India.
