Table 7.

FMOLS and DOLS output: (using agriculture, MSE and others food credit, industry, service, retail loans and others as independent and GNPA as dependent variable)

Intercept FMOLSDOLS
  1.001584 (34.49469)*
Agri0.998807 (51.13631)*1.000546 (55.30471)*
MSE0.998001 (74.95732)*1.039946 (8.980946)*
Oth1.025725 (13.64617)*3.644978 (0.555137)
FC2.940354 (0.706950)0.999911 (1009.831)*
IND1.000078 (1301.460)*10.998822 (103.8311)*
SRV1.000500 (142.6083)*0.988905 (42.40006)*
RL0.993726 (57.84147)*1.004595 (155.4841)*
Other1.003883 (235.6848)*0.999926
Adjusted R square0.99996425.84243
S.E. regression18.478202616.808
Mean dependent var2808.7923011.798
S.D. dependent var3059.12912020.96
Sum squared resid5463.104 
Long-run variance0.1826080.465942

Notes:

Levels of significance at 1, 5 and 10% are indicated by the symbols *, ** and ***, respectively. Values for the T-statistic are in parenthesis

Source: Authors’ calculation and compilation based on data collected from RBI Database

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