This research paper looks at mergers and Acquisition that have happened in Indian Banking sector. the purpose of this study how this merge of banks help in our Indian Economy in terms of expand operational area ,improve financial performance of that bank, to make strong competition level and how this merge of banks boost to high up economic growth in Indian Economy. This paper studies why government take to decide this merged plan in India. This article is divided in three parts. First part includes the introduction of Indian Banking Industry. The second part discusses key decisions point for Government as well as Banking perspective. Third part includes analysis merged of three banks that BoB, Vijaya bank and Dena bank. This is a small seed to existing knowledge in Mega Merged plan in Banking Industry and How this help to economy of India.

KEYWORDS: Merger and Acquisition, Indian Banking Sector, Indian Economy.