AUTHOR: Anil Nayak
INTRODUCTION:
Axis Bank Limited is one of India’s leading private sector banks, established in 1993 as UTI Bank and rebranded in 2007. Headquartered in Mumbai, the bank offers a wide range of financial services including retail, corporate, and digital banking. With a strong focus on technology, customer-centric services, and efficient risk management, Axis Bank plays an important role in India’s banking sector and economic development.
OBJECTIVES:
To calculate Beta and Observe its significance Y=a +bx
LITERATURE REVIEW:
1. Dr. M. Geeta, Dr. C.N. Sivanand(2023) Performance Analysis For AXIS Bank And Union Bank Of India. The Indian banking sector plays a crucial role in economic development, and post-reform competition has led to bank mergers and a greater focus on financial soundness. This study analyzes the financial performance of Axis Bank and Union Bank of India using CRAMELS ratios, forecasting Return on Net Worth (RON), and examining the relationship between Return on Assets (ROA) and Gross Non-Performing Assets (GNPA) with the help of Excel. Based on annual report data and composite ranking, the results show that Axis Bank performs better than Union Bank of India. Both banks exhibit a negative relationship between ROA and GNPA, and their RON is forecasted to grow positively. The study concludes that public sector banks must maintain operational consistency and adopt stringent credit policies for long-term sustainability.
2. Dr. Meda Srinivasa Rao, Dr. Venkateswararao.Podile, Dr.Durgaprasad Navvula(2020) RISK AND RETURN ANALYSIS OF SELECTED NIFTY BANKING STOCKS. Banking forms the backbone of India’s economic growth, with public sector banks dominating until liberalisation and private sector banks gaining prominence thereafter. Post-liberalisation, the Government of India introduced major reforms such as Basel norms, automation, bank consolidation, financial inclusion schemes, and new banking models. This study examines the risk and return of Nifty banking stocks across two periods: the UPA government (2010–2014) and the NDA government (2015–2019). It compares return and risk patterns between these periods in relation to policy decisions. Statistical tools like average return, standard deviation, variance, beta, and coefficient of variation are used for analysis.
DATA COLLECTION:
Data for Nifty 50 and Axis Bank was downloaded from NSEINDIA.COM for the period 01/12/2024 to 30/11/2025.Then Friday closing prices are calculated. Weekly return of Nifty and Axis Bank were calculated. Weekly Returns of Nifty were taken as “X” and Weekly return of Axis Bank were taken as “Y”.
Y was Regressed on X
DATA ANALYSIS:
Axis Bank=0.0066+1.1389×NIFTY
Intrepretation: The regression coefficient (1.1389) indicates a positive relationship between market returns and Axis Bank returns. This means that a 1-unit increase in market returns leads to an average increase of 1.14 units in Axis Bank returns.
The R² value of 0.499 shows that 49.9% of the variation in Axis Bank returns is explained by the independent variable.
The p-value (0.000) is less than 0.05, indicating that the relationship is statistically significant.
The intercept (0.0066) is very small and statistically insignificant, suggesting that Axis Bank returns are largely influenced by market movements rather than constant factors.
CONCLUSION:
The regression analysis reveals a significant and positive relationship between market returns and Axis Bank returns. Nearly half of the variation in Axis Bank’s returns is explained by changes in the independent variable.
This indicates that Axis Bank’s stock performance is highly sensitive to market movements, making market returns an important determinant for investors and financial analysts. Therefore, the regression model is appropriate and useful for understanding and predicting Axis Bank’s return behaviour.
REFERENCE:
Dr. M. Geeta, Dr. C.N. Sivanand(2023) Performance Analysis For AXIS Bank And Union Bank Of India. Journal of Positive School Psychology 2023, Vol. 7, No. 1, 1527-153.
Dr. Meda Srinivasa Rao, Dr. Venkateswararao Podile, Dr.Durgaprasad Navvula(2020) RISK AND RETURN ANALYSIS OF SELECTED NIFTY BANKING STOCKS. European Journal of Molecular & Clinical Medicine ISSN 2515-8260 Volume 7, Issue 4, 2020