Deposits and Advances of District Central Co-Operative Banks : A Comparative Analysis with Spearman’s Rank Correlation

SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES	VOL. 7	NO. 2	PAPER 3

DEPOSITS AND ADVANCES OF DISTRICT CENTRAL CO-OPERATIVE BANKS : A COMPARATIVE ANALYSIS WITH SPEARMAN’S RANK CORRELATION

Vijay S Hooda
Research Scholar, Department of Commerce,Maharshi Dayanand University, Rohtak, Haryana (India)

District Central Co-operative Banks (DCCBs) are very common and well recognized institutions among co-operative credit institutions. This paper seeks to compare the deposits and advances of the Rohtak Central Co-operative Bank Ltd. and the Jhajjar Central Cooperative Bank Ltd by using Spearman’s Rank Correlation Method. The banks under study are from Haryana State. It is found that the Jhajjar Central Co-operative Bank( JCCB ) is showing increasing trend towards mobilizing deposits and advancing credit. The business of the JCCB Ltd. is showing more variability compared to the Rohtak Central Coop. Bank (RCCB) Ltd. during the study period. The study reveals that there was a high positive relationship between the deposits of the banks under study while there was moderate positive relationship between the direction of advances granted by the two banks during the study period.

KEYWORDS: District Central Cooperative Banks, Spearman’s Rank Correlation, JHAJJAR, Central Cooperative Bank, ROHTAK Central Cooperative Bank.

JEL CLASSIFICATIONS: J54, G21, P13