Abstract

http://ssrn.com/abstract=2055075
 


 



Role of Service Marketing in the Growth of Banking Sector in India


G. S. Popli


Delhi School of Business

Chintan Vadgama


affiliation not provided to SSRN

May 9, 2012


Abstract:     
Due to Global Financial Crisis of 2008, the scenario of financial markets has changed dramatically. It appears that everybody is looking at his bottom line when it comes to banking and financial services. They want to utilize their scare resources in the best possible way to protect them and their hard earned money. Financial Institutions are entering in the new business areas due to many mergers and acquisitions taking place in this sector. They are offering more diverse services now in a bid to retain the existing customers. The business organizations are looking at ways and means to streamline their business and to cut down the processing charges. On the other hand customers are looking online access to avail faster and more efficient ways of doing business.

The Commercial Banks in India are the highly trusted organizations for customers. They have very successfully adopted many changes in their functioning. Now, there is a high degree of competition among the banks, especially after globalization and entry of more Private and Foreign banks. But the banks will have to adopt a full-fledged marketing strategy to ensure customer satisfaction for its survival and growth. Marketing scope prevailing in banking sector is being considered under the service marketing framework in this new business approach. The transition from one phase to another has largely been influenced by the dynamics of three critical factors – the players, the playing fields and the regulator.

This paper examines and measures the quality of services provided by the Commercial Banks in India. Now the expectation of the customers is very high and the commercial banks in India will also have to adopt the service marketing concepts in their day to day working for their survival and growth.

Number of Pages in PDF File: 19

Keywords: globalisation, liberalization, banking perceptiveness, service marketing, demographic, intense competition

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Date posted: May 10, 2012  

Suggested Citation

Popli, G. S. and Vadgama, Chintan, Role of Service Marketing in the Growth of Banking Sector in India (May 9, 2012). Available at SSRN: http://ssrn.com/abstract=2055075 or http://dx.doi.org/10.2139/ssrn.2055075

Contact Information

Gurmukh Singh Popli (Contact Author)
Delhi School of Business ( email )
VIPS - Technical Campus
AU Block, Outer Ring Road
Delhi, 110034
India
Chintan Vadgama
affiliation not provided to SSRN
Feedback to SSRN


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