Preview

Hdfc Bank Credit Cards

Best Essays
Open Document
Open Document
3687 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hdfc Bank Credit Cards
|

Contents TOPIC : “STUDY OF HDFC BANK CREDIT CARDS TOWARDS CUSTOMER” 1 1.Context /Background 3 2.Summary and literature review 4 3.Questions and hypotheses and justification 6 4.Summary of method 7 4.1:Research instruments 7 5.Ethics and Safety Requirements 8 6.Limitations 9 7.Implications 10 8.Research Timetable 11 9.References 12

STUDY OF HDFC BANK CREDIT CARDS TOWARDS CUSTOMER

1.Context /Background
Housing Development Finance Corporation Bank of India was incorporated in the year in August 1994 after the changes that were made by Reserve Bank of India, which is by allowing for the establishment of private sector banks in India.
This is an assignment made on the sales of the bank credit cards because this is a vast subject that is to be studied in a country like India. India is a large country with diversities, so the customer interaction with be different in each and every place, that may be the language, environmental factors etc.
According to my study I would like to suggest that the industries go through narrow phases like introduction, growth, maturity and declines. But these may vary from one place to another comparatively on interceptions and interpretations.
In India there a various banks like public sector and private sector banks. And today the private sector banks are giving a tough fight for the public sector banks so called government banks.
So considering all these factors I would like to discuss the topic credit cards of HDFC Bank Ltd because there is a tough competition and in this competitive situation how the customers can be satisfied with the bank. In today’s world of competition customer is the supreme for the bank so customer service and customer satisfaction are the main areas were the concentration is to be made.
HDFC Bank ltd has got various types of credit cards for different consumers. It has made a very good market catching plan by introducing different types of cards to different



References: Mehta, Subhash, “India Consumer Behaviour, Studies and case for Marketing Divisions”, 1997 Tata McGraw Hill Publishing Co., Ltd., New Delhi. Kotari C.R, “Research Methodology” Wiley Eastern Ltd., New Delhi Jean Pierre Jeannet, Hubbert D. Hannessey, “Global Marketing Strategies”, 2nd edition, Jaico Publishing House, New Delhi, 1999. Journals,publications,magazines and websites Ausubel, L,M. (1997), “Credit card default, credit card profits and bankruptcy”, American Bankruptcy Law Journal, Vol.71, pp Dunn, L.F. and Kim, T.H. (1999), An empirical investigation of credit card default, Working Paper, Ohio State University http://article.wn.com/view/2012/07/01/HDFC_Bank_aims_one_million_new_credit_cards_in_201213/ Credit Card Research Group (2001), Statistical Yearbook, Credit Card Research Group, London. Mackintosh, J (2001), The Financial Times, pp.4. Horne, S, Worthington, S

You May Also Find These Documents Helpful

  • Powerful Essays

    Jp Morgan Chase

    • 1100 Words
    • 5 Pages

    As a result of the disparity in the market segments it would be nearly impossible for one firm in the credit card serviced industry to provide for the needs each and every segment simultaneously. Therefore, credit card issuer’s, based on comparative advantage, become the leader in a specific segment of the credit market.…

    • 1100 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Alpen Bank Case Memo

    • 341 Words
    • 2 Pages

    When we decided to launch the credit card, we have better to use all the methods to acquire consumers. Even though direct mail is more expensive, it reaches the biggest number of consumers contributing to about 3/8 of total consumers. And if we compare Exhibit 1&2, we will find that we will lose a lot of consumers by ignoring middle-class.…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    paper

    • 267 Words
    • 1 Page

    customers at a glance. By recording and tracking all of the credit card holder’s purchases, thecompany is better equipped to learn its user’s behavior and having this infor…

    • 267 Words
    • 1 Page
    Satisfactory Essays
  • Best Essays

    Analyzing Market Segments

    • 2117 Words
    • 9 Pages

    I have broken down the market for the HBC PLCC into four main segments which I’ve named the "Post-Secondary Freshmen", “Senior’s Club”, “Value Seekers” and the “Rewards Junkies”. The “Post-Secondary Freshmen” are a group of single females without children, aged18-22 years and are in their first or second year of college or university. In terms of behavior, this segment would use the HBC PLCC as a leisure card and would be considered light user. Given that this segment is young in age and newly independent, they may be unaware or uniformed about private label credit cards. However, they may be looking to establish credit experience which is often not available with major credit cards. Therefore, this young segment may be interested in a PLCC to start building credit experience. This group may not be very loyal because…

    • 2117 Words
    • 9 Pages
    Best Essays
  • Good Essays

    In 18th century merchants and consumers exchanged their goods with the concept of credit, utilizing charge plates and credit coins as medium of currency. Such cards were accepted at important business centers in limited locations. At the advent of 19th century the companies as well as retail segments had the privilege of issuing proprietary cards. This ensures customer loyalty and satisfaction as well as endurance for a few years of withstanding capacity with improved earnings.…

    • 493 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Alpen Bank Analysis

    • 775 Words
    • 4 Pages

    Given the economic conditions and details described in the case launching a credit card presents the bank with an opportunity to take over a larger market share of the credit card business and gain customer equity.…

    • 775 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    suggest a change may be worthwhile. To begin by surveying the landscape, a 5C analysis is…

    • 4311 Words
    • 102 Pages
    Satisfactory Essays
  • Powerful Essays

    This research brings forward the various concerns that created by consumers. From this research we can learn about the general banking function, structure of SCB and it’s procedures, rules, regulations and overall banker’s customer relationship.…

    • 1686 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by banks and other institutions in the market…

    • 2646 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    The entire report is made up for support, knowledge, experience, dedication, perfection & patience. For me it’s all about to understand the conceptual how the merger of the bank takes place with their entire motive to provide services to the customers with the main motive to get positive result out of it.…

    • 3287 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    How to fight with HDFC

    • 2618 Words
    • 11 Pages

    As advised by my friends with jeering remarks about all Indian banks and their customer care, I have already applied for credit card of citi bank and not going to send any further request to HDFC Bank for reissue of so called my credit card as stated in SMS. Will be waiting to see when HDFC banks wakes up out of its slumber.…

    • 2618 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    This report is the result of Timetric’s extensive market research covering the Credit Cards market in India. It contains detailed data on market dynamics along with latest industry happenings, industry players in India. "India Credit Cards: Market Update" provides a top-level overview and detailed insight into the operating environment of the Credit Cards market in India. It is an essential tool for companies active across the Indian Credit Cards value chain and for new players considering to enter the market.…

    • 440 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    While the importance and role of public sector banks in Indian financial system continued to be emphasised, it was however recognised that there was urgent need for introducing greater competition in the Indian money market which could lead to higher efficiency of the financial system. Accordingly, private sector banks such as HDFC, Corporation Bank, ICICI Bank, UTI Bank, IDBI Bank and some others have been set up. Establishment of these banks has made substantial contribution to housing finance, car loans and retail credit through credit card…

    • 990 Words
    • 4 Pages
    Better Essays
  • Good Essays

    In this assignment, I am doing a particular study about the different types of credit cards. A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.…

    • 1551 Words
    • 7 Pages
    Good Essays
  • Best Essays

    Bankruptcy Among Youth

    • 5001 Words
    • 21 Pages

    Fox. (2012). Young adults skip health care as medical debts rise. Retrieved December 1, 2012, from CNNMoney: http://money.cnn.com…

    • 5001 Words
    • 21 Pages
    Best Essays