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An Implementation of Customer Relationship Management and Customer satisfaction in Banking Sector of Quetta, Balochistan

Author

Listed:
  • Sadaf Ajmal
  • Sana-Ur -Rehman

Abstract

Banking industry in Pakistan has become highly competitive, bankers are putting enhanced efforts to acquire and retain customers by incorporating innovative customer relationship management (CRM) techniques. Due to rapid technology penetration, customers have rapid entrance and options to multiple financial products/services. Present study focuses on measuring customer satisfaction in the result of Bank’s CRM efforts. Research is based on the fact and evolve the theme of the study, that is to find the significant factors affect customer satisfaction, that is a center of customer relationship management (CRM) for controlling the excessive competition in Quetta banking industry. Two structured questionnaires are used based on quantitative view and hand out on a stratified sample. First questionnaire is having a data of 31 employees in the sampled banks to measure the CRM suitability while second one is having a data of 302 customers from the sampled banks to count the level of customer satisfaction. The findings show that the selected banks apply the CRM components and found that these are positively associated with customer satisfaction. Respecting the results of the bank survey, the level of CRM implementation and the relevance of its elements be unlikely from one to another bank. Findings confirm that in Quetta banking sector there is a tough competition going on as every bank (public, private) is trying its best to capture more and more customers. Banks have to bring change in their strategies to build and strengthen relationship with their customers because it is one of the major competitive advantages.

Suggested Citation

  • Sadaf Ajmal & Sana-Ur -Rehman, 2019. "An Implementation of Customer Relationship Management and Customer satisfaction in Banking Sector of Quetta, Balochistan," International Business Research, Canadian Center of Science and Education, vol. 12(10), pages 26-37, October.
    • Handle: RePEc:ibn:ibrjnl:v:12:y:2019:i:10:p:26-37
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    References listed on IDEAS

    as
    1. Peppard, Joe, 2000. "Customer Relationship Management (CRM) in financial services," European Management Journal, Elsevier, vol. 18(3), pages 312-327, June.
    2. Suman Basuroy & Kimberly C. Gleason & Yezen H. Kannan, 2014. "CEO compensation, customer satisfaction, and firm value," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 13(4), pages 326-352, November.
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    More about this item

    Keywords

    CRM; customer satisfaction; KM; KCF;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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    Access and download statistics

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