Title: Calculation of Beta of Maharashtra Bank & its Significant.<\/p>\n
Author: Mansi Dinesh Bendal <\/p>\n
Introduction:
\nBank of Maharashtra (BoM) was registered on September 16, 1935 with a capital of Rs10 Lakh. Today it has the largest network of 1,375 branches than any other public sector banks in Maharashtra . It has a network of 345 ATMs. BoM has tie up LIC of India and United India Insurance Company.
\nObjective: Relationship of Maharashtra Bank with Nifty. <\/p>\n
Literature review:
\n1.\tEfficiency Of Urban Cooperative Banks Of Maharashtra:
\nThe cooperative banking sector in India has received a series of shocks in recent years, resulting in a significant number of bank failures and upsurge in bank merger activities, both voluntary and arranged by RBI. The major legislative and regulatory changes raise a number of important questions about the sector, and issues of bank efficiency become more important as inefficient banks may not survive long; Geeta Sharma & Ganesh Kawadia (2006).
\n2.\te Case of Punjab and Maharashtra Co-operative Bank (PMC Bank) India:
\nThe trust of depositors in the Indian banking system was shaken in September 2019 when the five-page confession letter written by Joy K Thomas, Managing Director and Chief Executive Officer of Punjab and Maharashtra Co-operative Bank (PMC Bank), one of the ten largest co-operative banks in India revealed gross financial irregularities, collusion and fraud in banking operations of PMC Bank from 2008 onwards; Ambuj Gupta, (2021).
\nData collection:
\nData was collected from yahoo finance 01\/04\/2022 to 31\/03\/2023. Then data was manipulated from Friday closing price. We found the weekly returns of nifty fifty X and weekly return of Maharashtra bank is Y. Y was regressed on X. <\/p>\n
Data analysis:
\nN = 51
\nR2 = 0.568872866
\nF = 64.65556953
\nSignificance amount = 1.65467E-10
\nMaharashtra bank return = -15.66874161
\nNifty return = -0.003618382
\nT stat for BETA = -8.0408687<\/p>\n
Conclusion:
\nAbove the equation shows the relationship between y and x negative sign which means there is inverse relation which means if x rises y falls and vice versa.
\nR2 is 0.5688 which means 56.88% of Y is explained by X.
\nSimilarly, F is 64.6555 which also more than table value.<\/p>\n
Reference:
\n1.\tGeeta Sharma & Ganesh Kawadia, (2006),”Efficiency Of Urban Cooperative Banks Of Maharashtra: A Data Analysis\u201d, The IUP Journal of Bank Management, IUP Publications, vol. 0(4), pages 25-38, November 2006.
\n2.\tAmbuj Gupta, (2021), “The Devilas\u2019s Laugh at Corporate Governance: The Case of Punjab and Maharashtra Co-operative Bank (PMC Bank) India,” Indian Journal of Corporate Governance, , vol. 14(2), pages 248-267, December2021.<\/p>\n","protected":false},"excerpt":{"rendered":"
Title: Calculation of Beta of Maharashtra Bank & its Significant. Author: Mansi Dinesh Bendal Introduction: Bank of Maharashtra (BoM) was registered on September 16, 1935 with a capital of Rs10 Lakh. Today it has the largest network of 1,375 branches than any other public sector banks in Maharashtra . It has a network of 345… Continue reading Calculation of Beta of Maharashtra Bank & its Significant.<\/span><\/a><\/p>\n","protected":false},"author":112046,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-17454","post","type-post","status-publish","format-standard","hentry","category-sales","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/112046"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17454"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17454\/revisions"}],"predecessor-version":[{"id":17523,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17454\/revisions\/17523"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17454"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}