Customer Satisfaction Regarding Private Sector Banks in Gujarat

Authors

  • Md. Intekhab Rahman Galib  UG Scholar, BBA, Gujarat University, Ahmedabad, India
  • Utsho Chakraborty  UG Scholar, Computer Engineering, Sarvajanik College of Engineering and Technology, Surat, India
  • Haimanti Biswas  UG Scholar, Information Technology, Sigma Institute of Engineering, Vadodara, India
  • Sowrav Saha  UG Scholar, Civil & Infrastructure Engineering, Adani Instiute Of Infrastructure Engineering, Ahmedabad, India
  • Dr. Sheshang Degadwala  Associate Professor and Head of Department, Computer Engineering Department, Sigma Institute of Engineering, Vadodara, India

DOI:

https://doi.org//10.32628/IJSRSET2051101

Keywords:

Private Sector Banks, Mobile Banking, Online Banking, Saving Account, Current Account, Fixed Deposit, Interest Rate.

Abstract

This paper attempts to measure and find out the quality of services and customer satisfaction level in terms of private sector banks. The paper also slightly shows the comparison between Public sector and Private sector banks related to the customer satisfaction. The research is based on Gujarat which is a state of India. Data collection, data formulation and structuring and data interpretation is based on 423 samples. In terms of private sector banks ICICI, IDBI, HDFC, AXIS Bank, YES Bank, RBI Bank, Kotak Mahindra Bank, IDFC Banks are taken as they are market leaders. ATM facility, Online banking facility, Mobile Banking Facility, Current account, Fixed Deposit, Saving Account, Physical Environment, Competitive Interest Rate etc. has been taken as parameters. From the research, it has been found that there is relationship between service quality and customer satisfaction. We are living in digital era. Almost all the banks are trying to acquire and implement digital facilities. From our research, we also found that majority of the clients are satisfied with mobile banking, online banking and ATM services of the private sector banks. The paper also reveals that the clients are not much satisfied with the behavior of the bank staff of the public sector banks. Age, gender, occupation of the clients are also taken into consideration while preparing the paper.

References

  1. Anis A, Ratwani B. Customers’ satisfaction in Indian banks: Problems and solutions. Int J Econ Res 2017;14:69-76.
  2. Dash A, Patra SK. Service quality and customer satisfaction: An empirical investigation on public sector banks in Odisha. J Res Mark 2014;2:113-118.
  3. Gill HS, Arora S. Study of customer satisfaction: A comparison of public and private banks. Pacific Bus Rev Int 2013;6:74-79.
  4. A comparative study of public and private sector banks of India in regard to customer satisfaction. Int J Rev Sur Res 2014;3:1-11.
  5. Paul J, Mittal A, Srivastav G. Impact of service quality on customer satisfaction in private and public sector banks. Int J Ban Mark 2016;34:606-622.
  6. Singh K, Gupta N. Customer’s perception and satisfaction towards services of public & private sector banks. Int J Manag 2016;7:77-88.
  7. Bhatia K, Chouhan N, Joshi N. Comparative Study of Performance of Public and Private Sector Bank. Int J Core Eng Manag 2015;2:306-317.
  8. Kumar J, Thamil SR. Performance evaluation of selected public and private banking sectors through camel model in India. Int J App Bus Econ Res 2016;14:5643-5649.
  9. Doddaraju ME. A study on customer satisfaction towards public and private sector banking services. Glo J Manag Bus Stud 2013;3:287-294.
  10. Malyadri P, Sirisha S. An analytical study on trends and progress of Indian banking industry. J Bus Fin Aff 2015;4:136.
  11. Mishra US, Mishra BB, Praharaj S, Mahapatra R. CRM in banks: A comparative study of public and private sectors in India. Euro J Soci Sci 2011;24:265-277.
  12. Mishra US, Sahoo KK, Mishra S, Patra SK. Service quality assessment in banking industry of India: A comparative study between public and private sectors. Euro J Soci Sci 2010;16:663-679.
  13. Nirmal JV, Prabhjot KM. Customer Satisfaction: A comparative analysis of public and private sector banks in India. Info Know Manag 2012;2:1-7.
  14. Parasuraman A, Berry LL, Zeithaml VA. Servqual: A multiple-item scale for measuring consumer perceptions of service quality. J Ret 1988;64:12.
  15. Puja K, Yukti A. Comparative study of customer satisfaction in Indian public sector and private sector banks. Int J Eng Manag Sci 2010;1:42-51.
  16. Puri J, Yadav SP. Performance evaluation of public and private sector banks in India using DEA approach. Int J Oper Res 2013;18:91-121.
  17. Seema S. Using servqual to assess the customer satisfaction level: A study of an urban cooperative bank. J Eco Pub Fin 2016;2:57-85.
  18. Umma S, Mir AS. Customer satisfaction: A comparative analysis of public and private sector banks in Bangladesh. Euro J Bus Manag 2013;5:1-7.
  19. Vijay PG, Agarwal PK. Comparative study of customer satisfaction in public and private sector banks in India. Glob J Bus Manag 2013;7:15-26.
  20. Anis ali, l. b. (2018, october 21). customers satisfaction in public and private account. Retrieved from www.alliedacademics.com.
  21. R, k. (1990). Retrieved from www.knowledgestom.com.
  22. , D. (n.d.). Doddaraju ME. A study on customer satisfaction towards public and private sector banking services. Glo J Manag Bus Stud 2013;3:287-294.
  23. Mishra US, S. K. (n.d.). Mishra US, Sahoo KK, Mishra S, Patra SK. Service quality assessment in banking industry of India: A comparative study between public and private sectors. Euro J Soci Sci 2010;16:663-679.
  24. PujaK,Y.A.(n.d.).PujaK,YuktiA.ComparativestudyofcustomersatisfactioninIndianpublicsector and private sector banks. Int J Eng Manag Sci2010;1:42-51.
  25. (2010, AUGUST 13). SCRIBD. Retrieved from www.scribd.com.

Downloads

Published

2020-10-18

Issue

Section

Research Articles

How to Cite

[1]
Md. Intekhab Rahman Galib, Utsho Chakraborty, Haimanti Biswas, Sowrav Saha, Dr. Sheshang Degadwala, " Customer Satisfaction Regarding Private Sector Banks in Gujarat, International Journal of Scientific Research in Science, Engineering and Technology(IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 5, Issue 11, pp.270-281, October-2020. Available at doi : https://doi.org/10.32628/IJSRSET2051101