Sensarma, Rudra; Jayadev, M. - In: International Journal of Financial Services Management 4 (2010) 4, pp. 311-337
This paper examines two important issues related to bank mergers in India. First, we estimate potential economic gains of state-owned banks from consolidation. Scale economies, returns to scale and profit efficiency of state-owned banks during 1986 to 2007 are estimated based on stochastic...