Volume : IV, Issue : IX, September - 2014

Impact of Saving Deposits of Commercial Banks on Gdp

Deepti Sharma, Mamta Ranga

Abstract :

The present paper is an attempt to highlight the impacts of total saving deposits with commercial banks on Indian GDP. The study is purely based on secondary data which covers 13 financial years (2000–01 to 2012–13), and the analysis of which was made through the application of Karl Pearson’s coefficient of Correlation and Multi Regression OLS model (Ordinary Least Square). The study exhibited a strong positive correlation between total saving deposits with commercial banks and GDP (r=.991) and indicated that total saving deposits with commercial banks is the most important predictor of GDP with R square value of 0.983 which showed that total saving deposits with commercial banks accounts for 98.3 per cent of variations in GDP; and b–value {Unstandardized co–efficient (B=2.124)} indicated that as saving deposits with commercial banks increases by one unit (1 billion), GDP increases by 2.124 units. It was further indicated through the results that if impact of saving deposits with commercial banks remain constant, then there are other factors which are explaining GDP up to 20119.046 units.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Deepti Sharma, Mamta Ranga Impact of Saving Deposits of Commercial Banks on Gdp Indian Journal of Applied Research, Vol.4, Issue.9 September 2014


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