Calculation of Relationship with State Bank of India

Author: Saikat Ghosh

Introduction: – State Bank of India (SBI) is the country’s largest commercial bank, in terms of assets, deposits, and employees.
Owned by the Indian government, it offers a range of general banking services from loans and advances to corporates and individuals in India and abroad. Because it is state-owned, SBI is the preferred banker for most public sector corporations. SBI, along with its associate banks, offers micro-financing to entities such as self-help groups in rural areas that would otherwise have no access to formal credit channels. Through its subsidiaries and joint ventures, SBI offers financial services such as investment banking, brokerage services, asset management and insurance.
Objective:- To Calculate beta of State Bank of India and see it’s significant.
Regression Statistics
Multiple R 0.695003
R Square 0.483030
Adjusted R Square 0.472260
Standard Error 3.381350
Observations 50.000000
df SS MS F Significance F
Regression 1 512.779 512.779 44.849 0.000
Residual 48 548.809 11.434
Total 49 1061.588

Coefficients Standard
Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept -0.213 0.486 -0.438 0.663 -1.189 0.764 -1.189 0.764
X Variable 1 2.054 0.307 6.697 0.000 1.437 2.671 1.437 2.671
Review of Mr. Arundhuti Bhattachariya
Innovation in the POS ecosystem will accelerate deployment of these machines. SBI, in fact, is testing an android-based smartphone with an attached dongle that can operate like a PoS system, and Bhattacharya is hopeful that there will be many more innovations that would promote digital payments.
On cyber security, Bhattacharya says each player has to be very vigilant. “The cybercriminal innovates on a daily basis. The regulator probably needs to start looking at what each player is doing, so that if there is some oversight, everyone is prepared to face any emerging threat,” the SBI chief says, adding: “We will also see a lot of work being done in fraud analysis and determining potential of various initiatives.”
The area of concern for Bhattacharya, however, is the deteriorating asset quality, which have reached almost `1 lakh crore in 2015/16. The mid-corporate segment has seen highest gross NPAs at 17.12 per cent followed by SMEs at 7.82 per cent and 6.93 per cent in agri loans. “SBI is highly levered to macro economic conditions, and improvement in investment climate and interest rates would assuage asset quality fears,”.
State-Run Banks Have Kept Public Interest In Mind: Arun Jaitley On Jet Airways
Finance Minister Arun Jaitley said on Monday that he was happy with the lenders’ decision regarding Jet Airways as the public sector banks have kept legitimate self-interest and public-interest in mind. After weeks of uncertainty over the future of ailing Jet Airways, the airline’s board has approved an immediate fund infusion of up to ₹ 1,500 crore by lenders as well as conversion of debt into equity.
About the developments at Jet Airways, Mr Jaitley said it was a decision that creditors have taken, and that the public sector banks kept a legitimate self-interest and public-interest in mind.
“India needs more aircraft and airlines otherwise air fares will rise. Banks have kept self interest in mind by trying to keep it as a going entity so that they can recover their dues. I am happy with this decision,”