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Indian Explorer of Social Sciences & Humanities
Year : 2017, Volume : 11, Issue : 2
First page : ( 46) Last page : ( 53)
Print ISSN : 2320-2963.

Customer relationship management and customer satisfaction in Public and Private Sector Banks

Kumari Minti1, Singh R. N.2

1Research Scholar, Department of Psychology, Faculty of Social Science, Banaras Hindu University, Varanasi, Uttar Pradesh, India

2Professor, Banaras Hindu University, Varanasi, Uttar Pradesh, India

Online published on 3 July, 2021.

Abstract

The present study attempted to examine the relationship between customer satisfaction and Customer relationship management (Acquisition, Response, Knowledge, Information system, Value evaluation). The data was obtained from a sample of 300 bank customers (155=public sector bank, 145=private sector bank) having account in bank in Varanasi Uttar Pradesh. The finding suggests that all the dimensions of customer relationship management are significantly related with customer satisfaction. Also, all the dimensions of CRM were found to be a good strategy to enhance the satisfaction among the customers, simultaneously retain the customer for long term banking business and also relate new customers. The results are thoroughly discussed and implications are also understood.

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Keywords

Customer, CRM (Customer relationship management), Customer satisfaction, Customer retention, Banking sector.

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