This paper examines the motivations for mergers and acquisitions in the Indian banking sector from 2014 to 2019. During this time, nine banks were merged into three, including the Mega-merger of SBI and its five allies. To identify motivations in the banking industry, the data was analysed using a two-stage multivariate technique. The most significant motives in M&As, according to factor analysis, are synergy, diversity, and faster market access, profitability, economies of scale, and quick responsiveness to economic conditions. The contribution of these extracted components to market share was investigated using the regression approach. The findings reveal that the strategic factor, performance factor and growth factor have positive effects on enhancing the market share