By \u2013 Yasha Sharma
\nSAP ID – 80012100567<\/p>\n
INTRODUCTION
\nYes Bank is an Indian public sector bank headquartered in Mumbai, India and was
\nfounded by Rana Kapoor and Ashok Kapur in 2004.
\nIt offers wide range of differentiated products for corporate and retail customers
\nthrough retail banking and asset management services. On 5 March 2020, in an
\nattempt to avoid the collapse of the bank, which had an excessive amount of bad loans,
\nthe Reserve Bank of India (RBI) took control of it. RBI later reconstructed the board
\nand named Prashant Kumar, former chief financial officer and deputy managing
\ndirector of State Bank of India, as MD & CEO of Yes Bank, along with Sunil Mehta,
\nformer non-executive chairman of Punjab National Bank, as Yes Bank\u2019s non-executive
\nchairman.
\nThe bank\u2019s management under the new leadership of Kumar, immediately repositioned
\nitself and dealt with all internal and market related challenges to restore customer
\nand depositor confidence. Under the coordinated efforts of the new board and
\nmanagement, Mehta assured shareholders of speedy recovery, even as the Reserve
\nBank of India (RBI), State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank and
\nother banks lent it support through a historic Yes Bank Reconstruction Scheme 2020.
\nOBJECTIVE
\nTo calculate beta of the company and find its significance
\nVIEWS AND REVIEWS
\n\u2022 YES BANK believes in a knowledge driven approach to banking and has
\ndeployed a strategic four-pronged, approach to its sustainable financing work.
\n\u2022 YES BANK has adopted a knowledge driven approach to offer financial solutions,
\nwhich go beyond the traditional realm of banking.
\n\u2022 Mission of Yes Bank is to establish a high-quality, customer-centric, service-
\ndriven, private Indian Bank catering to the \u2018Future Businesses of India\u2019
\n\u2022 With an objective to achieve global Sustainable Development Goals (SDGs), YES
\nBANK has joined hands with the United Nations Environment Programme
\nFinance Initiative (UNEP FI), to launch the Principles of Responsible Banking –
\nthe first and only global framework to ensure that the banking sector works in
\nalignment with the SDGs and Paris Agreement.
\nDATA COLLECTION<\/p>\n
Data of index and equity were collected from https:\/\/www1.nseindia.com\/ and
\nhttps:\/\/www.nseindia.com\/ respectively. Daily returns from 1st March-2021 to 28 Feb-
\n2022 were downloaded in excel format from these websites and it was sorted into
\nweekly format. Then weekly returns were calculated for both index and equity and then
\nregression analysis was done.
\nDATA ANALYSIS
\nPredicted Y = 0.058006+0.505015X
\nN=46, R Square= 0.098155
\nF= 4.788847
\nTstat (beta) = 1.097819
\nTstat (0.05,45)= 2.0141
\nThe above regression equation tells us the relationship between X and Y. Where X is
\nNIFTY\u2019s weekly returns and Y is Yes Bank Ltd\u2019s weekly returns.
\nThe positive sign of Beta tells us the that there is a positive relationship between NIFTY
\nand Yes Bank Ltd\u2019s weekly returns.
\nFrom the equation, it can be seen that if X rises by 1 unit, Y will rise by 0.505015 units.
\nT calculated is more that T tabulated which means, \u03b2 is statistically significant at 5%
\nconfidence level.
\nR^2 is 0.098155 which means 9.8% of Y (Yes Bank Ltd) is explained by X. And the
\nbalance is explained by error.
\nF is 4.788847 which is more than table value which means model is statistically
\nsignificant at 5% level.
\nCONCLUSION
\n\u03b2 is statistically significant in case of NIFTY and Yes Bank Ltd. Also, it can be concluded
\nthat Yes Bank ltd is a medium beta share. Since it is around than 1.<\/p>\n","protected":false},"excerpt":{"rendered":"
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