An Analytical Assessment of the Effect of Merger of Centurion Bank of Punjab with HDFC Bank

The article assesses the synergic effect of merger of Centurion Bank of Punjab with HDFC Bank in terms of different financial parameters.Several financial ratios, Kolmogorov-Smirnov test,Shapiro-Wilk test, Paired Sample T test,Wilcoxon Signed-Ranks Test have been widely applied to recognize the difference in pre and post merger operational performance of merged entity of HDFC bank after analyzing data for four years prior to merger and for four years after the merger .The study shows that there are significant differences between pre and post merger above mentioned financial indicators and majority of the financial indicators (13 out of 17) of Centurion Bank of Punjab (Target Bank) and HDFC Bank (Acquiring Bank) display significant improvement in their operational performance during post-merger period.