Table 13 Results of the bivariate...

Table 13

Results of the bivariate granger causality test

S No	Banks/Fis	Type of banks	Nifty	F-test value	Y = f(X)	F-test value	X = f(Y)
1	Bank Of Baroda	PSB	Nifty Bankex	3.46	0.558	0.35	0.068
2	Bank Of India	PSB		0.76	0.388	1.19	0.281
3	Bank of Maharashtra	PSB		0.00	0.953	0.38	0.751
4	Canara Bank	PSB		0.09	0.767	0.83	0.368
5	Central Bank	PSB		0.67	0.418	0.02	0.892
6	Indian Bank	PSB		1.62	0.209	2.00	0.163
7	Indian Overseas Bank	PSB		0.03	0.862	2.59	0.114
8	Punjab National Bank	PSB	Nifty Bankex	0.03	0.866	0.65	0.422
9	State Bank of India	PSB	Nifty Bankex/Nifty 50	0.88	0.353	3.34	0.073
10	UCO Bank	PSB		1.32	0.255	0.10	0.748
11	Union Bank Of India	PSB		0.00	0.992	0.92	0.343
12	Axis Bank	Pvt Bank	Nifty Bankex/Nifty 50	0.90	0.347	8.20	0.006
13	City Union Bank	Pvt Bank		1.67	0.202	6.11	0.017
14	DCB Bank Ltd	Pvt Bank		0.06	0.806	4.64	0.036
15	ICICI Bank	Pvt Bank	Nifty Bankex/Nifty 50	1.13	0.292	1.08	0.303
16	HDFC Bank	Pvt Bank	Nifty Bankex/Nifty 50	0.06	0.810	8.13	0.006
17	IDFC Bank	Pvt Bank	Nifty Bankex	0.03	0.859	1.67	0.202
18	Karur Vysya Bank Ltd	Pvt Bank		0.49	0.486	4.33	0.042
19	Kotak Mahindra Bank	Pvt Bank	Nifty Bankex/Nifty 50	0.74	0.394	9.93	0.003
20	South Indian Bank	Pvt Bank		0.01	0.941	3.21	0.079
21	Yes Bank	Pvt Bank		0.12	0.727	3.04	0.087

S No	Banks/Fis	Type of banks	Nifty	F-test value	Y = f(X)	F-test value	X = f(Y)
1	Bank Of Baroda	PSB	Nifty Bankex	3.46	0.558	0.35	0.068
2	Bank Of India	PSB		0.76	0.388	1.19	0.281
3	Bank of Maharashtra	PSB		0.00	0.953	0.38	0.751
4	Canara Bank	PSB		0.09	0.767	0.83	0.368
5	Central Bank	PSB		0.67	0.418	0.02	0.892
6	Indian Bank	PSB		1.62	0.209	2.00	0.163
7	Indian Overseas Bank	PSB		0.03	0.862	2.59	0.114
8	Punjab National Bank	PSB	Nifty Bankex	0.03	0.866	0.65	0.422
9	State Bank of India	PSB	Nifty Bankex/Nifty 50	0.88	0.353	3.34	0.073
10	UCO Bank	PSB		1.32	0.255	0.10	0.748
11	Union Bank Of India	PSB		0.00	0.992	0.92	0.343
12	Axis Bank	Pvt Bank	Nifty Bankex/Nifty 50	0.90	0.347	8.20	0.006
13	City Union Bank	Pvt Bank		1.67	0.202	6.11	0.017
14	DCB Bank Ltd	Pvt Bank		0.06	0.806	4.64	0.036
15	ICICI Bank	Pvt Bank	Nifty Bankex/Nifty 50	1.13	0.292	1.08	0.303
16	HDFC Bank	Pvt Bank	Nifty Bankex/Nifty 50	0.06	0.810	8.13	0.006
17	IDFC Bank	Pvt Bank	Nifty Bankex	0.03	0.859	1.67	0.202
18	Karur Vysya Bank Ltd	Pvt Bank		0.49	0.486	4.33	0.042
19	Kotak Mahindra Bank	Pvt Bank	Nifty Bankex/Nifty 50	0.74	0.394	9.93	0.003
20	South Indian Bank	Pvt Bank		0.01	0.941	3.21	0.079
21	Yes Bank	Pvt Bank		0.12	0.727	3.04	0.087

Source(s): Table by author

Sharing Unavailable