印度商业银行并购的经验.pdfVIP

MPRA Efficiency of Indian Commercial Banks: The Post-Reform Experience from Mergers Acquisitions Surajit Bhattacharyya§ Ankit Chatri† Abstract In recent times, Indian banks have resorted to mergers and acquisitions (MA) in the expectation to reap efficiency gains brought in by such strategies. This paper explores the impact of MA on technical efficiency of Indian commercial banks during the second decade (2000-2010) of reforms. We use DEA to compute the relative technical efficiency of banks that participated in MA activities. The technical efficiency is computed under both common and separate frontier with the assumption of constant as well as variable returns to scale. We also compare the post- amalgamation efficiency scores of the participating banks with that of a control group comprising of such banks that did not undergo any consolidation since 1991. Our results indicate evidence of efficiency gains for the merging and/or acquiring banks. At the same time there are banks that have experienced deterioration in their post-MA average efficiency levels. It would be wise for the banks to carefully consider the potential gains as well as threats posed by MA before venturing into such activities. Key words: Commercial Banking; DEA; Technical Efficiency; Control Group JEL Classification: C61, G21