This paper showcases the rationale for merger among public sector banks in India. Merger of Banks!! Though was a much-awaited strategic decision but is it right? was it necessary? All these answers will unfold with the passage of time. Thus, this research paper on the topic mergers in banks of India after liberalisation should provide a spark to the academicians to access the relevance and extent of impetus of this decision on gearing up of Indian economy. The emphasis of this paper is to probe into the motives of bank mergers and acquisition with special reference to Indian Banking Industry and analyse how far it has been a success. This paper paves way for further studies on mergers and acquisitions from analytical outlook and financial perspective.

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Keywords: Mergers, Acquisitions, Strategic Decision, Liberalization, Financial Perspective.