India’s banking sector is growing at a fast pace. It has become one of the most preferred banking destinations in the world. Indian markets provide growth opportunities, which are unlikely to be matched by the mature banking markets around the world. Merger and acquisition are the most popular means of corporate restructuring. The current upswing in activity in the domestic market as well as in the global markets proves that strong conceptual and technical skills are required to face any situation. The main objective of the study is to focus on the effects of the mergers in the Urban Co- operative Banking sector, paying special attention to the ones involving savings banks. Further to present a conception of mergers and acquisitions that implicitly attributes an important role to the integration process and extracts relevant implications for empirical designs.