Table 9 Results of regression between...

Table 9

Results of regression between changes in FED rates and changes in closing prices

`	Name of the bank	FII (Foreign institutional investors) Shareholding in %(as of Feb,2025)	Type of bank	p-value for regression between changes in FED rates and closing prices(Omnibus ANOVA Test) (Level of significance: 0.05)	R-square value	Adj. R-square	F-test value
1	Bank of Baroda	8.90%	PSB	0.736	0.790	0.782	103.00
2	Bank of India	2.92%	PSB	0.187	0.631	0.617	46.90
3	Bank of Maharashtra	1.54%	PSB	0.389	0.268	0.241	9.91
4	Canara Bank	11.10%	PSB	0.725	0.803	0.796	112.00
5	Central Bank Of India	0.44%	PSB	0.210	0.088	0.052	2.44
6	Indian Bank	4.78%	PSB	0.900	0.037	0.002	1.01
7	Indian Overseas Bank	0.02%	PSB	0.495	0.523	0.506	30.20
8	Punjab National Bank	5.70%	PSB	0.152	0.677	0.665	57.60
9	State Bank Of India	10.30%	PSB	0.073	0.091	0.057	2.70
10	UCO Bank	0.02%	PSB	0.953	0.490	0.472	26.40
11	Union Bank of India	6.46%	PSB	0.188	0.090	0.055	2.53
12	Axis Bank	47.30%	Pvt. Bank	0.609	0.128	0.094	3.76
13	City Union Bank	27.40%	Pvt. Bank	0.001	0.625	0.611	45.80
14	DCB Bank	10.86%	Pvt. Bank	0.438	0.017	0.019	0.470
15	Federal Bank	26.30%	Pvt. Bank	0.009	0.802	0.795	111.00
16	ICICI Bank	45.70%	Pvt. Bank	0.001	0.723	0.713	71.70
17	HDFC Bank	49.20%	Pvt. Bank	0.028	0.654	0.642	52.10
18	IDFC Bank	27.10%	Pvt. Bank	0.085	0.730	0.721	74.50
19	IndusInd Bank	24.70%	Pvt. Bank	0.010	0.212	0.182	7.24
20	Karur Vysya Bank	14.80%	Pvt. Bank	0.014	0.603	0.589	41.80
21	Kotak Mahindra Bank	32.50%	Pvt. Bank	0.010	0.520	0.503	29.30
22	South Indian Bank Ltd	11.46%	Pvt. Bank	0.187	0.564	0.548	35.60
23	Yes Bank	26.70%	Pvt. Bank	0.028	0.289	0.263	11.20

`	Name of the bank	FII (Foreign institutional investors)Shareholding in %(as of Feb,2025)	Type of bank	p-value for regression between changes in FED rates and closing prices(Omnibus ANOVA Test) (Level of significance: 0.05)	R-square value	Adj. R-square	F-test value
1	Bank of Baroda	8.90%	PSB	0.736	0.790	0.782	103.00
2	Bank of India	2.92%	PSB	0.187	0.631	0.617	46.90
3	Bank of Maharashtra	1.54%	PSB	0.389	0.268	0.241	9.91
4	Canara Bank	11.10%	PSB	0.725	0.803	0.796	112.00
5	Central Bank Of India	0.44%	PSB	0.210	0.088	0.052	2.44
6	Indian Bank	4.78%	PSB	0.900	0.037	0.002	1.01
7	Indian Overseas Bank	0.02%	PSB	0.495	0.523	0.506	30.20
8	Punjab National Bank	5.70%	PSB	0.152	0.677	0.665	57.60
9	State Bank Of India	10.30%	PSB	0.073	0.091	0.057	2.70
10	UCO Bank	0.02%	PSB	0.953	0.490	0.472	26.40
11	Union Bank of India	6.46%	PSB	0.188	0.090	0.055	2.53
12	Axis Bank	47.30%	Pvt. Bank	0.609	0.128	0.094	3.76
13	City Union Bank	27.40%	Pvt. Bank	0.001	0.625	0.611	45.80
14	DCB Bank	10.86%	Pvt. Bank	0.438	0.017	0.019	0.470
15	Federal Bank	26.30%	Pvt. Bank	0.009	0.802	0.795	111.00
16	ICICI Bank	45.70%	Pvt. Bank	0.001	0.723	0.713	71.70
17	HDFC Bank	49.20%	Pvt. Bank	0.028	0.654	0.642	52.10
18	IDFC Bank	27.10%	Pvt. Bank	0.085	0.730	0.721	74.50
19	IndusInd Bank	24.70%	Pvt. Bank	0.010	0.212	0.182	7.24
20	Karur Vysya Bank	14.80%	Pvt. Bank	0.014	0.603	0.589	41.80
21	Kotak Mahindra Bank	32.50%	Pvt. Bank	0.010	0.520	0.503	29.30
22	South Indian Bank Ltd	11.46%	Pvt. Bank	0.187	0.564	0.548	35.60
23	Yes Bank	26.70%	Pvt. Bank	0.028	0.289	0.263	11.20

Source(s): Table by author

Sharing Unavailable