A Study on Cooperative Banks in India with Special Reference to Marketing Strategies
Journal of Contemporary Issues in Business and Government,
2022, Volume 28, Issue 4, Pages 584-593
10.47750/cibg.2022.28.04.041
Abstract
This research looks at the marketing and operations practises of rural banks in India's When usedin this context, "marketing strategy" refers to any set of actions taken with the intention of
increasing demand for a certain product or service. In light of the increased competitiveness in
the banking industry, the use of this term has become widespread. Banks, including rural banks,
need to employ effective marketing strategies in their operations to please clients in a first-class
way in today's fiercely competitive marketplace and rapidly evolving client desires and
requirements within the business landscape. Consumers' shifting tastes and preferences in the
modern economy have driven banks both small and large to adapt in order to stay competitive
and retain their clientele. Inevitably, this will raise the bar for service across the sector, which in
turn will stimulate growth in the economy. To stay ahead of the competition, banks need to
develop and implement strategies that provide them a distinct advantage. Providing excellent
customer service is a crucial component in maintaining a competitive edge. The study's
overarching purpose was to learn more about the methods Rural Bank uses in its marketing
efforts to win new clients and keep existing ones happy. The information used for the study
comes from both primary and secondary sources related to rural banking.
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