In Indian banking sector Mergers & acquisitions has become well-liked trend throughout the country. A large number of public sector bank, private sector bank and other banks are affianced in Mergers & acquisitions activities in India. The Main reason behind Mergers & acquisitions in the banking sector is to harvest the advantage of economies of scales. Merger & Acquisition have played a significant role in the transformation of industrial sector of India since the Second World War era. In this present scenario, Mergers & acquisitions is one of the broadly used strategies by the banks to make stronger and maintain their position in the market. During the last two decades, the Indian banking sector has undergone a metamorphic change following the economic reform process initiated by the Govt. of India. The forces of liberalization and deregulation unleashed by the economic reforms, set in motion in 1991, have transformed the face of the Indian financial services sector landscape , including that of the Indian banking sector in a big way. State-run Bank of Baroda has now become India’s second largest public sector bank after its merger with two banks i.e. Dena and Vijaya Bank respectively. The amalgamation of the two lenders with Bank of Baroda, will be effective from 1 April, 2019. This is the 1^st three-way merger of the banks in India, making the combined geographical reach of 9,490 branches, and 13,400 ATMs with 85,678 employees serving in 9,490 branches and more than 120 million customers. The Banks tried to sustain their growth by increasing in various segments. There was a big signal of competition in the banking sector too. To safeguard themselves and to remain in the financial market, the banks have started to capture their competitors. This was the beginning of the merger era in the banking sector in India. The bank of baroda a, Dena Bank, Vijaya Bank would need to devise the imaginative ways to increase the income in order to garner more profits. The exposure accounting standards, an improvement of accounting standards and disclosed practices would enhance for transparency in financial market.

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Keywords: Mergers & Acquisitions, Financial Services Sector, Financial Market, Accounting Standards.