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J01516086
IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 15, Issue 1 (Nov. - Dec. 2013), PP 60-86 www.iosrjournals.org A Study On Customer Satisfaction Of Commercial Banks:Case
Study On State Bank Of India
Amruth Raj Nippatlapalli
Business Management,V.R.College,Vikrama Simhapuri University,India

Abstract: Customer satisfaction, a term frequently used in marketing, is a measure of how products and services supplied by a company meet or surpass customer expectation. Customer satisfaction is defined as "the number of customers, or percentage of total customers, whose reported experience with a firm, its products, or its services (ratings) exceeds specified satisfaction goals."Banking in India originated in the last decades of the
18th century. The first banks were The General Bank of India, NOW which started in 1786, and Bank of
Hindustan , which started in 1790; both are now defunct. The oldest bank in existence in India is the State
Bank of India , which originated in the Bank of Calcutta in June 1806, which almost immediately became the
Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the
Bank of Madras , all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1921 to form the Imperial Bank of India.
Keywords: Bankinghistory in INDIA, Conclusion,Customers satisfaction, List of Commercial Banks, Research
Methodology,

I.

Introduction

"Customer satisfaction is measured at the individual level, but it is almost always reported at an aggregate level. It can be, and often is, measured along various dimensions. A hotel, for example, might ask customers to rate their experience with its front desk and check-in service, with the room, with the amenities in the room, with the restaurants, and so on.
Customer satisfaction, a term



References: Thoughts (March 2012) Hummayoun Naeem, Asma Akram and M Economics ISSN 1450-2887 Issue 59 (2010), pp134-144 Ushad Subadar Agathee ―An Assessment on Service Quality in the Mauritian Banking Sector‖ International Research Symposium in Service Management ISSN 1694-0938, (2010) pp 1-16 Kajal Chaudhary and Monika Sharma, ―Performance of Indian Public Sector Banks and Private Sector Banks: A Comparative Surabhi Singh and Renu Arora, ―A Comparative Study of Banking Services and Customer Satisfaction in Public, Private and Foreign Banks‖, J Economics, (2011) 2(1): 45-56 Roth, Aleda V, van der Velde, Marjolijn, Operations as Marketing: A Competitive Service Strategy, Journal of Operations Management, 1991; 10(3): 303-328. Abratt, R and Russell, J. (1999). Relationship Marketing in Private Banking South Africa. The International Journal of Bank Marketing, 17(1), p.5. Dawkins, P. M and Reichheld, F. F. (1990). Customer Retention as a Competitive Weapon.Directors and Boards, 14(4). Marple, M and Zimmerman, M. (1999). A Customer Retention Strategy. Mortgage Banking, 59(11), August, pp. 45-50. Page, M., Pitt, L and Berthon, P. (1996). Analysing and Reducing Customer Defection. Long Range lanning, 29(6), pp. 821824.New Delhi.

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