Title : One Way Anova calculation of 4 Banking Industry
Author: Sakshi Deepak Lokhande , MMS , Batch A Roll no. 32
Introduction: In this analysis 4 banking sector companies have been taken , namely:
1.AXIS BANK
Axis Bank is one of India’s leading private sector banks, known for its extensive network of branches and ATMs. Established in 1993, it offers a wide range of financial products and services, including retail and corporate banking, wealth management, and digital banking solutions. Axis Bank has a strong presence both within India and internationally, serving millions of customers with innovative banking solutions.
- HDFC BANK
HDFC Bank, officially known as Housing Development Finance Corporation Limited, is one of India’s leading private sector banks. Established in 1994, it has since become one of the largest and most prominent banks in the country. HDFC Bank offers a wide range of financial services, including retail and corporate banking, wealth management, loans, and various digital banking solutions. Known for its customer-centric approach and innovative banking products, HDFC Bank has a significant presence in India and serves millions of customers both nationally and internationally.
3.STATE BANK OF INDIA
The State Bank of India (SBI) is a prominent and widely recognized financial institution in India. Established in 1806 as the Bank of Calcutta, it later merged with the Bank of Bombay and Bank of Madras in 1921 to form the Imperial Bank of India. In 1955, it was nationalized and renamed the State Bank of India. SBI is one of the largest and oldest commercial banks in India, with a vast network of branches and ATMs across the country and a significant presence internationally. It offers a wide range of banking and financial services, including retail and corporate banking, investment banking, insurance, and asset management, making it a crucial player in the Indian financial sector.
4.YES BANK
Yes Bank is a leading private sector bank in India that was established in 2004. It has its headquarters in Mumbai, Maharashtra. The bank provides a wide range of financial services, including retail and corporate banking, wealth management, and investment banking. Yes Bank has played a significant role in India’s banking sector, although it faced financial challenges in 2020 and underwent a restructuring process led by the Reserve Bank of India (RBI) to stabilize its operations.
OBJECTIVE
To Compare 4 banking sector companies by the way of One Way Anova.
DATA COLLECTION
Students of our batch were requested to grade the following baking sector companies on the scale of 1-10 and One Way ANOVA was calculated .
DATA ANALYSIS
Hypothesis :
H0 : All banking companies are equal ( A=B=C=D)
H1: Any one of banking sector companies is different
|
ANOVA |
|||||||
|
Source of Variation |
SS |
df |
MS |
F |
P-value |
F crit |
|
|
Between Groups |
91.075 |
3 |
30.35833 |
4.274149 |
0.011120512 |
2.866266 |
|
|
Within Groups |
255.7 |
36 |
7.102778 |
||||
|
Total |
346.775 |
39 |
|
|
|
|
RESULT :
Table F = 0.05 ,3DF , 36DF = 2.87
As calculated F = 4.27 is more than tabulated F =2.87 accept H1 reject H0 which means any one of the banking sector company is diffrent .