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Consumer Perception Towards HDFC Bank
Consumer Perception Towards HDFC Bank
Consumer Perception Towards HDFC Bank
DEPARTMENT OF MANAGEMENT
Submitted by:
DEPARTMENT OF MANAGEMENT
PHAGWARA
ACKNOWLEDGMENT
Executive Summary
This study “Consumer Perception towards HDFC Bank: An Empirical Study” was conducted
in the area of J&K State (Srinagar City). The HDFC Bank is one of the private banks which
started its operations in the J&K State (Kashmir Division) in the year 2006 with only one
branch in the main city (Srinagar) and today the bank has slowly and steadily widened its
network in the both divisions of J&K state with 19 branches, 15 ATMs and many to be
inaugurated soon. The main competitor of HDFC bank in Kashmir division is J&K bank;
therefore the need arises to know what consumers perceive about HDFC bank. The objectives
of this study are: - i) To understand the customers‟ perception on the service delivery of the
bank. ii) To know why consumers don‟t have account with HDFC bank.
One of the most important developments in banking sector has been the growth of the
financial industry over the past two decades. The benefits of financial industry can be seen in
the form of large scale industrial development, increased employment opportunities, higher
turnover as well as revenue generation to the government and also increase in export of goods
and services.
The scope of study for this research is the Srinagar city in which there are currently five
branches and ten ATMs of HDFC bank and the sample size for this research is 100.The
sampling unit of this research are both HDFC and Non-HDFC customers. The research
design used for this research is the descriptive one as this research is a survey based research.
The study has used Non- Probability sampling design. Non- Probability sampling involves
deliberate selection of a particular unit of the population for constituting a sample. The data
collection tool used for this research is the questionnaire and the data was collected from
respondents was analyzed using the statistical software SPSS. The SPSS statistical tool used
in this research is the Factor Analysis. The Limitation of this study is that the data from the
sample may not reflect the universe; since it is restricted only to the Srinagar city and only
100 Respondents. There was also a time limitation.
The findings of this research are that the customers of HDFC Bank in the Srinagar area prefer
this bank because of the service quality provided by the bank to its customers with they were
not getting from the banks already established in the Kashmir division. The services like Net
Banking, Credit card, Debit Card and Employee behavior were the main competences of
HDFC Bank in the J&K region.
The customer‟s reason for not having account with HDFC Bank is mainly because of the
relationship built with the J&K Bank and other bank was very old. But these banks were
lagging behind in providing the better service to their customers. Other reason like the trust
built by J&K Bank which is a local bank of the region is very strong than the HDFC Bank.
The awareness level of products of HDFC Bank is very less among the customers than the
other banks.
The HDFC Bank should widen its network of branches and ATMs so that the customers
should get easy access to the services of the bank. The number of customer would also
increase due to large network and awareness of products should be give to the people through
different modes of communication like TV, Radio, SMS, Newspapers, etc.
TABLE OF CONTENTS
Chapter
Chapter Title Page Number
Number
Introduction:-
Company Profile :-
3.1 Background
Research Methodology
Data Interpretation
5 32-47
5.1 Factor Analysis
6.4 Conclusion
Copy of Questionnaire 55
Chapter One
Introduction
banks are being restructured, and in some the government either already has or will reduce its
ownership.
which is an integral part of any business. The customer's requirements must be translated and
quantified into measurable targets. This provides an easy way to monitor improvements, and
deciding upon the attributes that need to be concentrated on in order to improve customer
satisfaction. We can recognize where we need to make changes to create improvements and
determine if these changes, after implemented, have led to increased customer satisfaction.
Chapter Two
Company profile
2.1 Background
HDFC was incorporated in 1977 with the primary objective of meeting a social Need – that
of promoting home ownership by providing long-term finance to households for their housing
needs. HDFC was promoted with an initial share capital of Rs. 100 million.
The primary objective of HDFC is to enhance residential housing stock in the Country
through the provision of housing finance in a systematic and professional Manner, and to
promote home ownership. Another objective is to increase the flow of resources to the
housing sector by integrating the housing finance sector with the overall domestic financial
markets.
b) Maintain its position as the premier housing finance institution in the country.
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to
receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the
private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994. The
bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its
registered office in Mumbai, India. HDFC Bank commenced operations As a Scheduled
Commercial Bank on 16th January 1995. In the year 1998 HDFC Bank had tied up with the
Ahmadabad Stock Exchange (ASE) to act as its clearing bank.
HDFC Bank's mission is to be a World-Class Indian Bank. The objective is to build sound
customer franchises across distinct businesses so as to be the preferred provider of banking
services for target retail and wholesale customer segments, and to achieve healthy growth in
profitability, consistent with the bank's risk appetite. The bank is committed to maintain the
highest level of ethical standards, professional integrity, corporate governance and regulatory
compliance.
1. HDFC Bank.
4. HDFC Realty.
The Organization:-
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to
receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the
private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994. The
bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its
registered office in Mumbai, India. HDFC Bank commenced operations As a Scheduled
Commercial Bank on 16th January 1995. In the year 1998 HDFC Bank had tied up with the
Ahmadabad Stock Exchange (ASE) to act as its clearing bank.
2.6.1 Tech-Savvy
HDFC Bank has always prided itself on a highly automated environment, be it in
terms of information technology or communication systems. All the braches of the
bank boast of online connectivity with the other, ensuring speedy funds transfer for
the clients. At the same time, the bank's branch network and Automated Teller
Machines (ATMs) allow multi-branch access to retail clients. The bank makes use of
its up-to-date technology, along with market position and expertise, to create a
competitive advantage and build market share.
The authorized capital of HDFC Bank is Rs.450 crore (Rs.4.5 billion). The paid-up capital is
Rs.311.9 crore (Rs.3.1 billion). The HDFC Group holds 22.1% of the bank's equity and about
19.4% of the equity is held by the ADS Depository (in respect of the bank's American
Depository Shares (ADS) Issue). Roughly 31.3% of the equity is held by Foreign Institutional
Investors (FIIs) and the bank has about 190,000 shareholders. The shares are listed on The
Stock Exchange, Mumbai and the National Stock Exchange.
Product range:
The following is the product range offered at HDFC: While various deposit products offered
by the bank are assigned different names, the deposit products can be categorized broadly
into the following types. Definition of major deposit schemes are as under: -
1. Demand deposits:
"Demand Deposits" means a deposit received by the bank which is withdrawn able on
demand;
Savings Account:
"Savings Deposits" means a form of Demand Deposit which is subject to restrictions as to the
number of withdrawals as also the amounts of withdrawals permitted by the bank during any
specified period; HDFC provides with saving bank account with the usual facilities, and one
also gets a free ATM card, interbank banking, bill payment facilities, phone banking and
mobile banking.
2. Term Deposits: "Term Deposit" means a deposit received by the bank for a fixed period
withdraw able only after the expiry of the fixed period and includes deposits such as
Recurring / Double Benefit Deposits.
3. Notice Deposit:
''Notice Deposit'' means Term Deposit for a specific period but which can be withdrawn on
giving at least one complete banking day's notice.
4. Current Account:
"Current Account" means a form of Demand Deposit wherefrom withdrawals are allowed
any number of times depending upon the balance in the account or up to a particular agreed
amount and will also include other deposit accounts which are neither Savings Deposit nor
Term Deposit; The account holder gets a personalized cheque book, monthly account
statements, and Inter-branch banking.
5. Corporate Account:-
These are more commonly known as Salary Accounts. These are account in HDFC bank
with zero balance. These are given to salaried people. These accounts are opened by the
employer for the employees to deposit the salary of the employee directly to the account.
A preferential Savings Account where in, one is assigned with a dedicated Relationship
Manager, who‟s you‟re the one point contact. One also get privileges like fee waivers,
enhanced ATM withdrawal limit, priority locker allotment, free Demat Account and lower
interest rates on loans.
7. Sweep-In Account:-
A Fixed Deposit linked to one‟s Savings Account. So, even if one‟s Savings Account runs a
bit short, one can issue a cheque (or use ATM Card).
It gives one an overdraft facility up to 75% of one‟s fixed deposit. In an emergency, you can
access your funds while your fixed deposit continues to earn high interest.
Apart from Regular and Premium Current Accounts HDFC also has HDFC Bank Plus, a
Current Account and then something extra for the HDFC bank customers. One can transfer
up to Rs. 50 lakh every month at no extra charges, between the four metros.
Demat Account:
One can conduct hassle-free transactions on the stock market for one‟s shares. The shares
held by the customer are protected from damage, loss and theft, by maintaining these shares
in electronic form. This account can be accessed through Internet too.
Loans:
There are a variety of loan schemes offered like personal loans, new car loans, used car loans,
loan against shares, gold loan, consumer loans, two wheeler loans, and home loans.
HDFC Bank began operations in 1995 with a simple mission: to be a "World-class Indian
Bank". They realized that only a single-minded focus on product quality and service
excellence would help them get there. Today, we are proud to say that we are well on our
way towards that goal.
It is extremely gratifying that our efforts towards providing customer convenience have been
appreciated both nationally and internationally.
2011
2010
Awards
Institutional Investor HDFC Bank MD, Mr. Aditya Puri among "Asian Captains of Finance 2010"
Magazine Poll
Chapter Three
Review
Of
Literature
Review of Literature
Bauer , Malike and Falik , (2006) study revealed that the quality of e-banking
portals has a significant impact on the consumers quality perception in the internet
providing banks which serves a promising start for the best establishment of an
effective quality management .The empirical model study validated a measurement
model for web – quality model based on security , trust , basic service quality , value
, trust ,responsiveness , buying service quality to achieve the best customer
satisfaction.
Malhotra, Pooja and Singh, (2010) study examined various factors affecting the
banking services in India .The purpose of the study was to help in filling the gap in
knowledge about Banking Landscape in India. The study utilized sample of 82 banks
of India using the technique of Multiple Regression to explore the determinants .The
study reveled that bankers as well as society perceive that banking services lag in terms of
providing different products and services.
Kun-ho Lee, Shakir Ullah, (2011) studied consumer attitude towards Islamic Banking in
Pakistan. The purpose of this paper is to examine the different motivational factors that lead
to customers' Islamic bank selection decision in Pakistan. The paper presented descriptive
statistics and cross-tabulation analysis based on data collected from 357 customers. – The
findings revealed that Islamic banks' customers highly value Shari'a compliance in their
banks and that non-compliance with Shari'a principles leads to disgruntled customers.
Goitom Tesfom, Nancy J. Birch, (2011) studied to examine whether switching barriers in
the retail banking industry affect different age groups differently. Questionnaires were
administered to 188 bank customers of different age groups, measuring their perception of
variables related to relational benefits, switching costs, availability and attractiveness of
alternatives, service recovery and retention. Results from independent two-sample t-tests and
logistic regression support all five hypotheses, confirming that young and older bank
customers differ significantly in their perception of switching barriers: relational benefits,
switching costs, availability and attractiveness of alternatives, service recovery and the
duration of time they intend to end their relationship with their banks. In terms of practice the
findings in this research highlight the need for managers to design different switching barrier
packages for each customer age group.
Bedman Narteh, Nana Owusu-Frimpong, (2011) study aimed to offers a deeper insight
into bank selection of Ghanaian students so as to offer bank managers the opportunity to
tailor-measure programmes aimed at attracting and retaining customers. The study employed
both qualitative and quantitative methods to investigate the problem. The “drop and pick”
convenience sampling method adopted resulted in 223 completed questionnaires. The mean
ranking and factor analysis methods were employed to identify the major factors that
influence the respondent bank selection. Over all, student customers consider image, attitude
and behavior of staff, core service delivery and technology-related factors as the major issues
that influence consumers' decision to open and maintain an account. In a market where
consumers respond differently to a marketing offer, market segmentation becomes a necessity
and therefore differences in male and female consumers' selection criteria emanating from
this study provide an excellent opportunity for the banks to adopt segmentation-based
strategies to serve the customers.
Riadh Ladhari, Ines Ladhari, Miguel Morales, (2011) The aim of their paper was to
compare perceptions of bank service quality among Tunisian and Canadian customers, and to
determine which dimensions of service quality make the greatest contribution to overall
customer satisfaction and loyalty. Data were collected using self-administered questionnaires
from two convenience samples of bank customers (250 in Canada and 222 in Tunisia).
Service quality was measured using the five SERVQUAL dimensions of tangibles, reliability,
responsiveness, assurance, and empathy. Data were analyzed using confirmatory factor
analysis, ANOVA and linear regression. Respondents in both countries reported high levels
of perceived service quality in banks. However, Canadians reported higher perceived service
quality than Tunisians for all five SERVQUAL dimensions, and for 21 of the 22 individual
items. In the Canadian sample, empathy and reliability were found to be the most important
predictors of satisfaction and loyalty, while in the Tunisian sample, reliability and
responsiveness were the most important predictors of satisfaction and loyalty.
Sergios Dimitriadis, et al (2011) studied to investigate the possibility of using trust in two
self-service bank channels: internet, and phone banking, to segment potential users of these
channels. Using data from a survey of 762 real bank customers discriminant analysis is used
to test variables differentiating two groups of customers having, respectively, “high” and
“low” trust in internet and phone banking. – Results showed that the groups of “high” and
“low” channel-trustors are different in a number of attitudinal, behavioral and psychographic
criteria. In addition, the two groups react differently in terms of intention to use internet, and
phone banking.
Sergios Dimitriadis (2011) studied to explore benefits customers expect from a long-term
relationship with their bank and the costs associated with such a relationship; it further tests
these relational benefits and costs as segmentation variables. A qualitative study based on
three focus groups was designed to provide initial input on different types of expected
relational benefits and costs. Then, quantitative data were collected from a survey of 209 real
bank customers. Analysis revealed five types of expected benefits and two types of costs.
Four clusters were formed out of these seven expected benefits/costs. These clusters are also
different on demographic, behavioral and psychographic variables and present clear and
consistent relational profiles.
Chapter Four
Research
Methodology
4.1 Problem Statement: - The HDFC Bank is one of the private banks which started its
operations in the J&K State in the year 2006 with only one branch in the main city (Srinagar)
and today the bank has slowly and steadily widened its network in the both divisions of J&K
state with 19 branches, 15 ATMs and many to be inaugurated soon. The main competitor of
HDFC bank in Kashmir division is J&K bank; therefore the need arises to know what
consumers perceive about HDFC bank.
Title: - The title of study is “Consumer Perception towards HDFC bank” An Empirical
Study.
One of the most important developments in banking sector has been the growth of the
financial industry over the past two decades. The benefits of financial industry can be seen in
the form of large scale industrial development, increased employment opportunities, higher
turnover as well as revenue generation to the government and also increase in export of goods
and services.
Banking industry in India has undergone a process of evolution with the package of time. To
count or to depend on a bank merely by the function it is supposed to perform would be
insufficient in the world that we live today. Investments play a vital role on the part of the
customers. A real investor does not simply throw his or her money random investment; he or
she performs through analysis and commits capital only when there is a reasonable
expectation of profit. Hence they both are interdependent i.e., it all depends upon the
customer. “Customer knows what to expect”. Today banks have a relationship management
approach with their clients. Banks are offering more customized solutions to their clients. The
need of the hour is not only to introduce more value added products for which the customers
are willing to pay here but also to innovate & enter new segments like small business &
periodical finance. Everything resolves around the customer and banks via with their
innovative and quality products to suit their clients. Today the bottom line for any customer is
convenience understanding and evaluating the customers perception on the service &
products of a bank has without doubt become a need, which propels the body to structure
itself for better performance and service. Thus delivering high quality service to clients is just
as important as delivering performance that meets or exceeds their expectations. It is in this
context that a study is necessary to know about awareness levels on the services provided by
the HDFC Bank and the customer perception towards the bank.
The design used for this research is descriptive research methodology. The term descriptive
research refers to the type of research question, design, and data analysis that will be applied
to a given topic. Descriptive statistics tell what is, while inferential statistics try to determine
cause and effect.
Advantages:-
Economy - Expense and time involved in training interviewers and sending them to
interview are reduced by using questionnaires.
Uniformity of questions - Each respondent receives the same set of questions phrased in
exactly the same way. Questionnaires may, therefore, yield data more comparable than
information obtained through an interview.
Standardization - If the questions are highly structured and the conditions under which
they are answered are controlled, then the questionnaire could become standardized.
Disadvantages:-
Unless a random sampling of returns is obtained, those returned completed may represent
biased samples.
Non- Probability sampling involves deliberate selection of a particular unit of the population
for constituting a sample.
Primary Data: The primary data was collected by means of a survey. Questionnaire was
prepared and the sample unit was approached to fill up the questionnaire. The filled up
information was later analyzed to obtain the required information.
Secondary Data: In order to have a proper understanding of the sector of Banking, an in
depth study was done from the various books, magazines, journals and articles written on the
subject. Information was also taken from the internet related to industry, company,
competitors,etc.
example, that variations in three or four observed variables mainly reflect the variations in a single
unobserved variable, or in a reduced number of unobserved variables. Factor analysis searches for
such joint variations in response to unobserved latent variables. The observed variables are modeled
as linear combinations of the potential factors, plus "error" terms. The information gained about the
interdependencies between observed variables can be used later to reduce the set of variables in a
dataset. Factor analysis originated in psychometrics, and is used in behavioral sciences, social
sciences, marketing, product management, operations research, and other applied sciences that deal
with large quantities of data.
Chapter Five
Data interpretation
Factor Analysis:-
df 105
Sig. .000
Table 5.1
Interpretation:-
In order to determine if the data is appropriate for factor analysis, it is required to check the
data adequately for analysis. This is accomplished by using the KMO and Bartlett‟s test. A
KMO value of 0.90 is best and below 0.50 is unacceptable. The figure for KMO in the above
table (Table 5.1) i.e. (.551) is greater than 0.50 (minimum value) which means data is
appropriate for factor analysis.
Communalities
Initial Extraction
Graph 5.1
Interpretation:-
The above graph represents the combination of the Eigen values and the component numbers.
The graph is useful for determining how many factors to retain, where the curve start to flat it
highlights the interest point. it can be seen that the curve begins to flatten between factors 2
and 3.The factor 6 has an Eigen value less than 1 so only five factors have been retained.
a
Component Matrix
Component
1 2 3 4 5 6
a. 6 components extracted.
Table 5.3
Interpretation:-
The table shows the combination of 15 variables. The higher the absolute value of loading
the more the factor contributes to variable. The gape of the variables is less than 0.5 this
makes easy to analyze the table. We cover up all the values having values less than 0.5.
a
Rotated Component Matrix
Component
1 2 3 4 5 6
Table 5.4
Interpretation:-
The idea of rotation is to reduce the number of factors of those variables which have high
rating it makes the interpretation of the analysis easier. The next step is to look at the content
of questions that load on to some factor so as to identify the common themes. In one the
common name given to ease of opening new account and operating account is Comfortable.
Table 5.5
Graph 5.2
Interpretation:-
The above graph indicates that 79% of the respondents were having account with HDFC
bank and the rest 21% were not having account with HDFC bank. This shows that the
number of account holders of HDFC bank is good numbers in Srinagar city as the bank has
opened several branches in the Srinagar city and ATMs as well.
Table 5.6
Graph 5.3
Interpretation:-
The above graph indicates that the out of 100 respondents 22 were having current A/c, 42
were having saving account, 6 were having demat A/c and 9 were having salary accounts in
HDFC bank. This shows that the saving A/c holders are in large numbers as compared to
other account holders.
Cumulative
Frequency Percent Valid Percent Percent
Table 5.7
Graph 5.4
Interpretation:-
The above graph indicates that 40% of the respondents are associated with HDFC bank from
last 6months while 25% respondents are associated with HDFC bank from one year. This
show that the number of account holders has increased in the Srinagar city as the bank
widened its network in this region.
Table 5.8
Graph 5.5
Interpretation:-
The above graph indicates that the respondents who are having account with HDFC bank,
80% are having account with other bank and the 20% are having HDFC bank account only.
This shows that the customers of other banks have switched over to HDFC bank and the
number tends to increase day by day.
Cumulative
Frequency Percent Valid Percent Percent
Table 5.9
Graph 5.6
Interpretation:-
The above graph indicates that the HDFC accounts holders are having account with J&K
bank(43%), SBI(18%),PNB(33%) and 6% are having account with J&K Co-operative bank.
This shows that maximum customers of HDFC bank are having account with J&K bank and
in future the number is going to increase with the opening of more branches.
Cumulative
Frequency Percent Valid Percent Percent
Table 5.10
Graph 5.7
Interpretation:-
The above graph indicates that the reason why customers are not having account with HDFC
bank.40% of the respondents say that due to the less number of branches they don‟t prefer
banking with HDFC bank.25% of respondents say they are satisfied with the banks in which
they have account.
Gender
Table 5.11
Graph 5.8
Interpretation:-
The above graph indicates that out of 100 respondents 85% were male and 15% were female
respondents.
Age
Graph 5.9
Interpretation:-
The above graph indicates that the maximum number of respondents belonged to the age
group 25-30(29%),and 27% belonged to age group 30-35.This shows that 75% respondents
belonged to age group 25-40.
Occupation
Graph 5.10
Interpretation:-
The above graph indicates that 28% of respondents are Govt. employees while 45% are
Private employees and 27% are businessman.
Monthly Income
Graph 5.11
Interpretation:-
The above graph indicates that 40% of the respondents are having monthly income in the
range of 15000-25000, 28% are having income of range 25000-35000, and 16 % are having
income in the range 35000-45000.
Chapter Six
Findings
&
Conclusion
HDFC Bank has maintained their customer relationship very well and it has proved to
be one of their best strategies in today‟s era of challenge and competitive environment
and giving them better chances of growth and survival.
HDFC Bank is offering services to its customers as per the expectations of the
customers themselves, thereby proving to be their one of the core competency.
Currently HDFC Bank‟s main source of revenue is through saving and that of the
current accounts which is increasing day by day.
HDFC Bank is meeting overall satisfaction of their customer class to a very good
level, which is every banks prime concern and I can say that there is always room for
improvement as HDFC Bank to take customer satisfaction to the level of excellence.
HDFC Bank is meeting standards which they have set in advance as their strategy of
providing services to their customers in very les time.
It was found that physical evidence is the major contributor that gains the attention of
the people when they enter the HDFC Bank but I cannot nullify the facts like
employee friendliness and immediate attention also contributes heavily in capturing
minds of the customer to a great extent.
The sales people of HDFC Bank are dedicated towards the goals of the company in a
way where they always cross sell other products to different existing customers
thereby giving the company more chances of profit leverage without striving for
different sources.
Most of the Non-HDFC Bank customers are self motivated and are willing to start
banking with HDCF Bank provided they get better services from HDFC Bank as
compared to their current bank.
More than Fifty percent of Non-HDFC Bank customers perceive HDFC Bank as a
bank that is best at providing better service quality to customers.
Many Non-HDFC Bank customers do want to continue banking with their current
banks because of several reasons like security, brand loyalty, and ongoing
transactions with their respective banks.
There are less number of branches and ATMs of HDFC Bank in valley. So, my
suggestion would be to open more branches and ATMs across the valley in order to
capture more potential customers and thereby increasing their brand awareness.
6.4 Conclusion:-
Products offered by the other banks are cheaper as compared to the HDFC Bank.
The network (branches and ATMs) of HDFC Bank in Srinagar is lagging behind than
its competitors like J&K Bank, SBI and PNB.
Majority of the respondents are of the opinion that the employees at HDFC Bank have
a very professional approach towards their work.
The level of service in terms of delivering whatever is promised and fast response in
case of problems, are the most important benefits that the customer seek from the
bank, they have a Current Account with.
Customers in Srinagar are not well aware about HDFC Bank and its services and
products, as compared to its competitors.
The modern technology like Net Banking, Phone Banking used by the HDFC Bank
for providing banking services has sent positive signals in the minds of customers.
Most of the customers feel the charges which are associated with AQB maintenance
are too high, and the AQB to be maintained is also very high.
Refrences:-
Goitom Tesfom, Nancy J.Brich (2011), “Do switching barriers in the retail banking
industry influence bank customers in different age groups differently?” Journal of
Service Marketing, Vol.25, Iss: 5
Riadh Ladhari, Ines Ladhari, Miguel Morales (2011), “Bank service quality: Comparing
Canadian and Tunisian Customer Perceptions”, International Journal of Bank Marketing,
Vol.29, Iss: 3
Segios Dimitraidis, et al. (2011), “Trust based segmentation: Preliminary evidence from
technology enabled bank channels”, International Journal of Bank Marketing, Vol.29, Iss: 1
Bibliography:-
Donald R Cooper, Pamela S Schindler (2010), Business Research Methods, 9th Ed. New
Delhi: Tata McGraw Hill, pp. 138-158
Websites:-
http://www.hdfcbank.com/personal/default.htm
http://www.hdfcbank.com/personal/accounts/default.htm
http://www.hdfcbank.com/personal/prd_glance.htm
http://www.moneycontrol.com/financials/hdfcbank/balance-sheet/HDF01
List of Tables
Table 5.1 33
Table 5.2 34
Table 5.3 36
Table 5.4 37
Table 5.5 38
Table 5.6 39
Table 5.7 40
Table 5.8 41
Table 5.9 42
Table 5.10 43
Table 5.11 44
Table 5.12 45
Table 5.13 46
Table 5.14 47
List of Graphs
Table 5.1 35
Table 5.1 38
Table 5.1 39
Table 5.1 40
Table 5.1 41
Table 5.1 42
Table 5.1 43
Table 5.1 44
Table 5.1 45
Table 5.1 46
Table 5.1 47
Q.No:-__________
Questionnaire
Dear Respondent,
Yes No
Q4:- Rate the following attributes given below according to the scale 1-5
Attributes 1 2 3 4 5
Ease of opening new account
Yes No
Q7:- Reason for not having account with HDFC bank? (Only one particular reason)