Preview

Research Paper of a Comparative Study of Banking Services and Customer Satisfaction

Powerful Essays
Open Document
Open Document
9147 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Research Paper of a Comparative Study of Banking Services and Customer Satisfaction
Executive Summary:

The banking industry in Bangladesh has flourished over the years, making double-digit profit percentages, sustaining growth and surviving cut-throat competition while providing attractive returns to shareholders. However, the greed for more without befitting platform and fundamentals brings its own challenges and questions in people 's minds. The image of the banking industry has many times been tarnished by several stories regarding the owners in recent media releases. Despite the considerable progress made, foreign countries are still somehow treating our banking industry activities as questionable.

Various privet, public and international bank provide service to there customers in Bangladesh. Banks play an important role for growth Bangladeshi economic sector and give satisfaction to there customers through provide quality banking service. Most of the banks provide same banking service in Bangladesh like current account, saving account, term deposit and saving deposit.

Banking technology is more advance than the past now in Bangladesh. Most of the privet, public and multinational banks depends upon technology. And banks provide service to there customers through technology. Banks have a big IT sector where experts are always ready to introduce to there customers a new service. Banks provide various technological banking service to there customers like PC banking or PC home banking, Online banking, Internet banking, Mobile banking, Tele-banking, ATM service, and many of technological banking services.

Customer satisfaction is most important for any organization. Organization tries to make profit through customer satisfaction. Banks also try to give satisfaction there customers through quality services. Various banks try to give satisfaction there customer in various ways. In this investigating we compare 4 banks in Bangladesh those are provide service to there customer and we have tried measure customers satisfaction in various



References: Billah, masum, M., and Ashiqurrahman, Sheikh. (2008). “HRM Practices and Customer Satisfaction Level: A Study on Private Commercial Banks in Bangladesh”, Journal of Business and Technology, Northern University Bangladesh, (Dhaka), vol.3, No.6, July-December, p-48. Cronin, Jr., and Taylor, S. S. (1992), “An Investigation into the Determinants of Customer Satisfaction”, Journal of Marketing Research, 19, 491 Akbar, Muzahid, Mohammad and Parvez Noorjahan (2009), “Impact of Service quality, Trust, and Customer Loyalty on Customer’s Loyalty”, ABAC Journal Vol. 29, No. 1, .24-38. Anderson, E. & Sullivan, M. (1993). “The Antecedents and Consequences of Customer Satisfaction for Firms”. Marketing Science, 12 (1), 125-143. Lalarukh, Farzana, & Hossain, Zariab, Md. (2008). “A Comparative Study of the PCBS & NCBS of Bangladesh: A Closer Look into the NCBS”, The Cost and Management, P15-17. Oliver, R. L. (1993). “Cognitive, Affective, and Attribute Bases of the Satisfaction Response”. Journal of Consumer Research, 20, 418–430. Fen Sheau Yap et al.(2007), “Service Quality and Customer Satisfaction: Antecedents Of Customer’s Re-Patronage Intentions”, Sunway Academic journal-4 P-62: http://www.scribd.com/document_collections/2342533. (Access Date: 10/07/10, time: 10 pm). Crando, David, (1998); Banks Must go Beyond Traditional Measures to Understand Customers, Bank Systems & Technology, Vol. 35, 1SS. 6, pp: 64. Brown, Tom, Gilbert, A, (1993); Improving the Measurement of Service Quality, Journal of Retailing, 69, (1) pp: 27-139.

You May Also Find These Documents Helpful

  • Good Essays

    VBD Brief

    • 686 Words
    • 3 Pages

    Hallowell, R. (1996). The relationships of customer satisfaction, customer loyalty, and profitability: an empirical study. International journal of service industry management, 7 (4), p. 27-42.…

    • 686 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Churchill, G.A., JR. and Surprenant, C. (1982) ‘An Investigation Into the Determinants of Customer Satisfaction’, Journal of Marketing Research, 19(4), p.p.491-504.…

    • 12778 Words
    • 52 Pages
    Powerful Essays
  • Powerful Essays

    Lebara Marketing Plan

    • 3947 Words
    • 16 Pages

    Hill Nigel, Alexander Jim. (2006), The handbook of customer satisfaction and loyalty measurement 3, illustrated Gower Publishing, Ltd.,…

    • 3947 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Competitive advantage Sony

    • 5157 Words
    • 31 Pages

    Giese, J.L. & Cote, J.A. (2000). Defining consumer satisfaction, Academy of Marketing Science Review, 1,…

    • 5157 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    Consumer Credit

    • 12379 Words
    • 50 Pages

    Banking concept has been evolved since the rapid development of information technology. Nowadays almost all over the world, retail banking concept is well-orchestrated name which has indeed added a new feather to the gamete of banking lexicon. The introduction of retail banking in Bangladesh has led the banking industry to the doorstep of embryonic prospects and potentials. Consequently, several local and foreign banks came in this country to get abundant benefit for their financial betterment. In recent years, the banks are aggressively pursuing their marketing strategy to take hold of new segments with purpose to discover new opportunities because the tremendous market competition makes the companies feel constantly improve their marketing mix. Thus, offering innovative products and service in the market are remarkably increasing. Consumer loan, credit card, online banking, mobile banking, ATM card etc are some of the outcomes of this continuous innovation and improvement. The technological innovations make the consumer more knowledgeable and persuade them to put more thinking in their buying decision. With the involvement of foreign and local banks the competition are on its peak. So only improving the product is not enough to be competitive in the market. Enhancing the service quality is also becoming very important .There are abundant opportunities are present in the market. . It needs only continuous upgrading and customer orientation to be able to avail those opportunities to a broad degree. In the recent years, Banking Industry in Bangladesh has seen a considerable growth. Significant numbers of investors are becoming interested to invest their money in this sector. Besides the local banks, foreign banks are continuously competing for the opportunities established in this market. The profit-making drive stimulated by the ample of opportunities has…

    • 12379 Words
    • 50 Pages
    Good Essays
  • Powerful Essays

    If we imagine about one question – In which sector our business is booming most – the answer would be certainly the banks. Bank includes all financial institutions, one of those principle activities is to take deposits and borrow with the objectives of lending and investing and which are with in the scope of banking or similar legislation. Bank represents a significant and influential sector of business worldwide. Most individuals and organizations make use of banks, either as depositor or borrowers. Banks play a major role in maintaining confidence in monetary system through their close relationship with regulatory authorities and governments and the regulation imposed on them by those governments. More than forty eight banks are serving in Bangladesh. These banks not only serve the people but also help the entrepreneurs to them in the track of business. As banks are the source of fund, they control the capital investment in our country most.…

    • 7703 Words
    • 31 Pages
    Powerful Essays
  • Powerful Essays

    ✓ Ahmed, I., Nawaz, M., Usman, A., Shaukat, M., Ahmad, N., and Iqbal, H. (2010). Impact of Service Quality on Customers ' Satisfaction…

    • 3713 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    Bangladesh Bank is the central bank of Bangladesh. It’s core duty is to maintain the financial fluency of…

    • 1264 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Modern banking system plays a vital role for a nation’s economic development. Over the last few years, the banking world has been undergoing many changes due to deregulation, technological innovations, globalization etc. These changes also made revolutionary changes of a country’s economy. Present world is changing rapidly to face the challenge of competitive free market economy. It is well recognized that there is an urgent need for better-qualified management and better-trained staff in the dynamic global financial market. Bangladesh is no exceptions of this trend. Banking Sector in Bangladesh is facing challenges from different angles though its prospect is bright in the future. Since banking industry is a highly service oriented industry, its overall success depends on the customers’ satisfaction regarding its service and perceived image of the banking services. So, no matter how good the bank’s management or employees are, if it cannot create a good image in the minds of the customers and cannot maintain its standards as promised, and then it won’t be able to increase its market share and loyalty among customers. Uttara Bank Limited is always ready to maintain the highest quality of service by upgrading banking technology prudence in managing and applying high standard of business ethics through its established commitment and heritage. Objectives of a private institution like IBBL are to maximize profit through optimum utilization of resources by providing best customer service.…

    • 10196 Words
    • 41 Pages
    Powerful Essays
  • Powerful Essays

    NBL REPORT

    • 7274 Words
    • 36 Pages

    In Bangladesh, banking is the second largest industry where a very good number of employees are working. Banking is the backbone of national economy. All sorts of economic & financial activities revolve round the exist of the bank.…

    • 7274 Words
    • 36 Pages
    Powerful Essays
  • Better Essays

    bank and ngo in bangladesh

    • 1486 Words
    • 6 Pages

    The banking sector is one of the most important components of the financial system that mobilises resources for productive investments in a country which in turn contributes to economic development. The banking sector in Bangladesh has flourished during the last three decades or so as a result of increased demand of the growing economy. During this period, the banking sector has also undergone several reforms and fallen under the jurisdiction of a number of acts in a bid to improve the efficiency of the sector.…

    • 1486 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Bloemer, J., de Ruyter, K. and Wetzels, M. (1999). Linking perceived service quality and service loyalty: a multi-dimensional perspective. European Journal of Marketing, 33(11/12), 1082-1095.…

    • 6258 Words
    • 24 Pages
    Good Essays
  • Powerful Essays

    Satisfaction from a customer comes from a past experience, it is the judgment that the customers see from what is provided and what is the pleasure after consumption. Many research has found that the verification or non-validation of consumer before consumption,…

    • 3448 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Banking Performance

    • 530 Words
    • 3 Pages

    A brief Study on the overall banking function of the commercial Banks in the Domestic Arena of Bangladesh…

    • 530 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    term paper

    • 5069 Words
    • 16 Pages

    TOC \o "1-3" \h \z \u Executive Summary PAGEREF _Toc395399003 \h 2Introduction PAGEREF _Toc395399004 \h 3Literature Review PAGEREF _Toc395399005 \h 4Research methodology PAGEREF _Toc395399006 \h 8Hypothesis PAGEREF _Toc395399007 \h 9Data Analysis PAGEREF _Toc395399008 \h 10Result of the Analysis: PAGEREF _Toc395399009 \h 11Conclusion PAGEREF _Toc395399010 \h 16Recommendation PAGEREF _Toc395399011 \h 16References: PAGEREF _Toc395399012 \h 17…

    • 5069 Words
    • 16 Pages
    Powerful Essays

Related Topics