Perception of Bank Employee’s Towards Post Merger and Acquisition- Evidence from Public Sector Bank

The banking sector is consolidating at an accelerating pace. Almost all banking institutions feel obliged to become larger and more powerful. The purpose of this study was to examine how bank employees perceive bank's M&As and how it is expected to affect their personal and professional career as well as their commitment to work. Data were collected from 87 employees of public sector banks in Amritsar who face merger situation. Factor analysis was used to obtain the factor that influences the perception of bank employee towards merger and acquisition. The three factors affective commitments, continuance commitment, turnover intentions are extracted from factor analysis. Anova and t test also used to check the impact of status and gender on factors extracted. The findings suggest that there is no significance difference Results show that bank employees feel personally threatened by M&A, which are not considered to be justified and necessary entrepreneurial activities conducive to enhanced, quality banking services. This study determines that there is no variation between perception of the clerk, PO and manager of banks by conducting ANOVA. Keywords Merger and acquisition, employer, employee, affective commitment, continuance commitment, turnover intention