YESB0NCCB01 could be easily mistaken for a branch of Yes Bank, while in reality, the code is used by The Nawada Central Co-operative Bank. These small banks essentially piggyback on bigger banks for processing IFSCs.
Analyzing the interdependencies among financial institutions is critical for designing systemic risk monitoring mechanisms; however, most existing research focuses on the first moment of the return distribution, which falls into the conventional models o