SUCCESS OF THE BANKING SECTOR AND GENERAL CUSTOMER SATISFACTION WITH SPECIAL REFERENCE TO STATE BANK OF INDIA, MATHURA
Dr. S. C. Singhal
Associate Professor, Faculty of Commerce, K. R. P. G. College, Mathura
Download PDFAbstract
The success of the banking sector and general customer satisfaction are interrelated. Customer satisfaction is an important parameter for the success of banking companies. Customer satisfaction is of utmost importance for the growth of a banking company and expansion of their services. Some of the main factors related with customer satisfaction are customer service, interest rate, calculation of interest, unbiased decision making ability, availability of investment options and other services. If the customer satisfaction is good, he is more enthusiastic and also gives necessary tips to enhance his services. Whereas if the customer satisfaction is less then they usually think of changing their services and move to other companies. State Bank of India (SBI) is the largest public sector bank in India with a wide network of branches and a significant presence in rural and semi-urban areas. SBI has received favorable ratings in terms of customer satisfaction in various surveys conducted by independent organizations.
Keywords:
banking sector; customer satisfaction; State Bank of India, Mathura
References
- A.S. Chawla, Nationalization and Growth of Indian Banking, Deep Publications, New Delhi
- Anderson EA and Sullivan MW (1993), 'The Antecedents and Consequences of Customer Satisfaction for Firms', Marketing Science, Vol 12, Spring, p. 125–143.
- Beckett, A., Hever, P. and Howcroft, B. (2006). (2000). An exposition of consumer behavior in the financial services industry. The International Journal of Bank Marketing, 18(1), p. 15.
- Bolmer JMM and Kasper JDP (1995), 'The Complex Relationship Between Consumer Satisfaction and Brand Loyalty', Journal of Economic Psychology, Vol. 16, p. 311–29.
- Cadotte ER, Woodruff RB and Jenkins RL (1987), 'Expectations and Norms in Models of Consumer Satisfaction', Journal of Marketing Research, Vol 24, p. 305-14.
- Dr. K.M. Bhattacharya and O.P. Agarwal, Basics of Banking and Finance, Himalaya Publishing House.
- Mishra, R. and Prabhu, D. (2010) Introduction of Retail Banking in India, 1st ed., New Delhi, India: Tata McGraw Hill.
- Rust, R. and Zahorik, A. (1993). Customer satisfaction, customer retention and market share. Journal of Retailing, 69(2), p. 193–215.
- Storbacka, K., Strandvik, R. and Groneros, C. (1994). Managing Customer Relationships for Profit: The Dynamics of Relationship Quality. International Journal of Service Industry Management, 5(5), p. 2138.
- Dr. B. Revathi. Indian Retail Banking Industry, International Journal of Multidisciplinary Management Studies Vol. Issue 2, p. 141 to 145