This document summarizes a research study on factors influencing customer satisfaction with online banking in India. The study aims to investigate factors that affect customer satisfaction levels and assess their importance. 250 customers in Vadodara, India were surveyed. Through factor analysis, the key factors identified were: Banking Needs, Core Services, Convenience, Risk/Privacy Concerns, and Continued Usage. Most respondents reported being satisfied with their bank's online services, though around 30% were dissatisfied. The results help banks understand drivers of satisfaction to improve retention and expand their customer base.
Accessibility of Digital Banking on Customer Satisfaction: National bank of K...iosrjce
Banks have been forced to deleverage and identify alternative sources of value as a result of increased
regulations and competitive challenges. This has led to the introduction of digital banking where technology is
mostly embraced while carrying transactions. However, customers are still waiting for this new banking
experience, touted as a revolutionary transformation that will bring many new features, including anytime and
anywhere banking, ultra-fast response times, and omnipresent advisors. The objective that guided the study: To
establisheffect of accessibility of digital banking on Customer Satisfaction case of National Bank of Kenya,
Bungoma County. The target population for the study was bank customers and banking staff from National Bank
in Bungoma County and a sample size of 417. Descriptive survey design was undertaken. Data was collected
using questionnaires, interview schedules and document reviews. Analysis was done with the aid of Statistical
Package for Social Sciences where both descriptive and correlation analysis were performed. The findings of
the study established there was a significant relationship between accessibility of digital banking and
customer’s satisfaction, χ2
(6, N=350) =390.74, P= 0.00. The study recommends that Mobile banking and POS
terminals, need to come up with an application that can be used to enhance digital banking.
Customers' Satisfaction in ATM Service - Empirical Evidence from the Leading ...Dr. Amarjeet Singh
Service offering channels in banking sector has emerged on scene with a variety of forms such as internet banking, mobile banking, and ATM. Mature competition and global finance system have forced to investigate the significance of customer satisfaction. This study was set to assess customers’ satisfaction in ATM service by taking the case of Commercial Bank of Ethiopia (CBE), which is the leading bank in the country, using SERVPERF model. A self-administered questionnaire was used to collect primary data from 385 valid respondents who are customers of CBE, using convenient sampling technique. Data were analysed using SPSS - frequencies and percentages, mean scores, Cronbach alpha, Pearson’s linear correlation and regression analysis. The study was based on the three research objectives: (a) to measure whether ATM service quality corresponds to each dimensions of SERVPERF (b) to analyze the customer satisfaction on ATM service quality, and c) to investigate the level of customer satisfaction. The findings revealed that all the service quality dimensions are significantly and positively associated with the overall customer satisfaction. Besides, Tangibility, Reliability, Responsiveness, Empathy and Assurance are highlighted as significant predictors and key factors in determining the customer satisfaction. But Assurance was found as the most influential predictor of customer satisfaction. The researchers recommend that in order to ensure customer satisfaction improving the performance on all the dimensions of (ATM) service quality is imperative.
Effect of Digital Banking on Customer Satisfaction: A case of National Bank o...paperpublications3
Abstract: This study purposed to investigate the effect of digital banking on customer satisfaction case of National Bank of Kenya. The objective that guided the study: To determine the effect of speed of transactions on Customer Satisfaction case of National Bank of Kenya, Bungoma County. The target population for the study was bank customers and banking staff from National Bank in Bungoma County. The study utilized a sample size of 417. Descriptive survey design was undertaken and data was collected using a triangulation of methods including questionnaires, interview schedules and document reviews. Analysis was undertaken with the aid of Statistical Package for Social Sciences where both descriptive and correlation analysis were performed. The findings of the study established that there was a significant relationship between speed of transaction and customers satisfaction, χ2 (6, N=350) = 221.45. The study recommends that there is need by banks to invest more on robust reliable systems to reduce incidents of failed transactions and transactional errors in ATMs.
Customer perception towards banking servicesPriyank Thada
This is my Dissertation Project on Customer Perception on Banking services in India this will help people to do research on Banking sector • The purpose of the study is to explore the basic dimensions of service quality offered by Indian banking industry and its impact on individual customers by using the gap between the customer expectations and perceptions regarding the services offered by banking industry.
THE CONTRIBUTION OF ELECTRONIC BANKING TO CUSTOMER SATISFACTION: A CASE OF GC...IJMIT JOURNAL
Internet banking has the potential to provide fast and reliable services to customers for which they are relatively happy. Due to the technological changes taking place all over the world, many institutions, including the banking sector have taken giant steps to move in tandem with these changes. In this light most
banks, with GCB Bank, Ghana, not being an exception have introduced electronic banking in order to decongest the banking halls of customers who spend time unending in order to transact business. The purpose of this research was to assess the Contribution of Electronic Banking to Customer Satisfaction at
GCB Bank-Koforidua, to this end some objectives were set for the study. These were: To assess the availability of electronic banking facilities at GCB Bank, Koforidua. To assess the knowledge and patronage of internet banking services by customers, to examine the effectiveness of the usage of electronic banking facilities, to examine the problem facing an internet banking in GCB Bank, Koforidua. This is a quantitative study that employed the use of questionnaires as the main tools for data collection. Data was collected from management, staff and customers of GCB Bank, Koforidua Branch. Findings from analysis of data revealed that though there was the existence of internet banking facilities of the bank, respondents of the study were not fully aware of the existence of such facilities. It was also found that the use of internet banking was quite expensive and that though the bank was utilizing the facility, customers were not fully patronizing them. It was concluded that internet banking brings efficiency in the operations of the bank. Finally, the study recommended that all branches of GCB Bank adopt internet banking facilities to help in effective banking operations and transactional purposes. To maximize the operations and potential of the bank management must endeavor to educate the customers about the existence of internet banking facilities since a few customers were aware of the existence of such facilities.
Effects of Satisfaction and Adoption on Online Bankingijtsrd
Despite the importance of online banking in many financial institutions, less research has focused on satisfaction and adoption, especially in Asia. Due to the introduction of technology, a new phenomenon in the banking sector of Mongolia, and many customers have not yet accepted it, this study was carried out to determine the factors affecting the adoption of online banking services by customers, as well as to examine the relationship between online banking services, satisfaction and adoption, the main tool for collecting data was a questionnaire that was developed on a 5 point Likert scale to be able to collect good quantitative data. In the course of the work, it was found that there was a positive relationship between online banking and satisfaction, which is consistent with the data obtained Al hawari and Ward, 2005 . In the work, it is recommended to pay more attention and focus efforts to individual clients. In addition, online banking service providers should look for indicators of innovative ways to raise awareness of the service through participation in trade organizations, exhibitions, and the introduction of new online banking technologies. Chuluudai Delgerzaya | Anar Badral | Yondon Badarch "Effects of Satisfaction and Adoption on Online Banking" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-1 , December 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29715.pdf Paper URL: https://www.ijtsrd.com/management/management-development/29715/effects-of-satisfaction-and-adoption-on-online-banking/chuluudai-delgerzaya
Accessibility of Digital Banking on Customer Satisfaction: National bank of K...iosrjce
Banks have been forced to deleverage and identify alternative sources of value as a result of increased
regulations and competitive challenges. This has led to the introduction of digital banking where technology is
mostly embraced while carrying transactions. However, customers are still waiting for this new banking
experience, touted as a revolutionary transformation that will bring many new features, including anytime and
anywhere banking, ultra-fast response times, and omnipresent advisors. The objective that guided the study: To
establisheffect of accessibility of digital banking on Customer Satisfaction case of National Bank of Kenya,
Bungoma County. The target population for the study was bank customers and banking staff from National Bank
in Bungoma County and a sample size of 417. Descriptive survey design was undertaken. Data was collected
using questionnaires, interview schedules and document reviews. Analysis was done with the aid of Statistical
Package for Social Sciences where both descriptive and correlation analysis were performed. The findings of
the study established there was a significant relationship between accessibility of digital banking and
customer’s satisfaction, χ2
(6, N=350) =390.74, P= 0.00. The study recommends that Mobile banking and POS
terminals, need to come up with an application that can be used to enhance digital banking.
Customers' Satisfaction in ATM Service - Empirical Evidence from the Leading ...Dr. Amarjeet Singh
Service offering channels in banking sector has emerged on scene with a variety of forms such as internet banking, mobile banking, and ATM. Mature competition and global finance system have forced to investigate the significance of customer satisfaction. This study was set to assess customers’ satisfaction in ATM service by taking the case of Commercial Bank of Ethiopia (CBE), which is the leading bank in the country, using SERVPERF model. A self-administered questionnaire was used to collect primary data from 385 valid respondents who are customers of CBE, using convenient sampling technique. Data were analysed using SPSS - frequencies and percentages, mean scores, Cronbach alpha, Pearson’s linear correlation and regression analysis. The study was based on the three research objectives: (a) to measure whether ATM service quality corresponds to each dimensions of SERVPERF (b) to analyze the customer satisfaction on ATM service quality, and c) to investigate the level of customer satisfaction. The findings revealed that all the service quality dimensions are significantly and positively associated with the overall customer satisfaction. Besides, Tangibility, Reliability, Responsiveness, Empathy and Assurance are highlighted as significant predictors and key factors in determining the customer satisfaction. But Assurance was found as the most influential predictor of customer satisfaction. The researchers recommend that in order to ensure customer satisfaction improving the performance on all the dimensions of (ATM) service quality is imperative.
Effect of Digital Banking on Customer Satisfaction: A case of National Bank o...paperpublications3
Abstract: This study purposed to investigate the effect of digital banking on customer satisfaction case of National Bank of Kenya. The objective that guided the study: To determine the effect of speed of transactions on Customer Satisfaction case of National Bank of Kenya, Bungoma County. The target population for the study was bank customers and banking staff from National Bank in Bungoma County. The study utilized a sample size of 417. Descriptive survey design was undertaken and data was collected using a triangulation of methods including questionnaires, interview schedules and document reviews. Analysis was undertaken with the aid of Statistical Package for Social Sciences where both descriptive and correlation analysis were performed. The findings of the study established that there was a significant relationship between speed of transaction and customers satisfaction, χ2 (6, N=350) = 221.45. The study recommends that there is need by banks to invest more on robust reliable systems to reduce incidents of failed transactions and transactional errors in ATMs.
Customer perception towards banking servicesPriyank Thada
This is my Dissertation Project on Customer Perception on Banking services in India this will help people to do research on Banking sector • The purpose of the study is to explore the basic dimensions of service quality offered by Indian banking industry and its impact on individual customers by using the gap between the customer expectations and perceptions regarding the services offered by banking industry.
THE CONTRIBUTION OF ELECTRONIC BANKING TO CUSTOMER SATISFACTION: A CASE OF GC...IJMIT JOURNAL
Internet banking has the potential to provide fast and reliable services to customers for which they are relatively happy. Due to the technological changes taking place all over the world, many institutions, including the banking sector have taken giant steps to move in tandem with these changes. In this light most
banks, with GCB Bank, Ghana, not being an exception have introduced electronic banking in order to decongest the banking halls of customers who spend time unending in order to transact business. The purpose of this research was to assess the Contribution of Electronic Banking to Customer Satisfaction at
GCB Bank-Koforidua, to this end some objectives were set for the study. These were: To assess the availability of electronic banking facilities at GCB Bank, Koforidua. To assess the knowledge and patronage of internet banking services by customers, to examine the effectiveness of the usage of electronic banking facilities, to examine the problem facing an internet banking in GCB Bank, Koforidua. This is a quantitative study that employed the use of questionnaires as the main tools for data collection. Data was collected from management, staff and customers of GCB Bank, Koforidua Branch. Findings from analysis of data revealed that though there was the existence of internet banking facilities of the bank, respondents of the study were not fully aware of the existence of such facilities. It was also found that the use of internet banking was quite expensive and that though the bank was utilizing the facility, customers were not fully patronizing them. It was concluded that internet banking brings efficiency in the operations of the bank. Finally, the study recommended that all branches of GCB Bank adopt internet banking facilities to help in effective banking operations and transactional purposes. To maximize the operations and potential of the bank management must endeavor to educate the customers about the existence of internet banking facilities since a few customers were aware of the existence of such facilities.
Effects of Satisfaction and Adoption on Online Bankingijtsrd
Despite the importance of online banking in many financial institutions, less research has focused on satisfaction and adoption, especially in Asia. Due to the introduction of technology, a new phenomenon in the banking sector of Mongolia, and many customers have not yet accepted it, this study was carried out to determine the factors affecting the adoption of online banking services by customers, as well as to examine the relationship between online banking services, satisfaction and adoption, the main tool for collecting data was a questionnaire that was developed on a 5 point Likert scale to be able to collect good quantitative data. In the course of the work, it was found that there was a positive relationship between online banking and satisfaction, which is consistent with the data obtained Al hawari and Ward, 2005 . In the work, it is recommended to pay more attention and focus efforts to individual clients. In addition, online banking service providers should look for indicators of innovative ways to raise awareness of the service through participation in trade organizations, exhibitions, and the introduction of new online banking technologies. Chuluudai Delgerzaya | Anar Badral | Yondon Badarch "Effects of Satisfaction and Adoption on Online Banking" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-1 , December 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29715.pdf Paper URL: https://www.ijtsrd.com/management/management-development/29715/effects-of-satisfaction-and-adoption-on-online-banking/chuluudai-delgerzaya
A Study On Customer’s Perception And Satisfaction Towards Electronic Banking ...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Electronic Customer Relationship Management and Consumer Behaviour (A Study o...IJRTEMJOURNAL
The study focuses on electronic customer relationship management and consumer behavior with
special emphasis on diamond bank Plc. Retail financial services in all markets, including emerging markets, are
undergoing major transformation that is driven by change, deregulation and customer sophistication. Electronic
Customer service and specifically online customer relationship management in particular is crucial to attaining
a sustainable competitive advantage, in the market place. The main objective of the study is to examine the effect
of electronic customer relationship management on customer patronage. A survey design was adopted for the
study and one hundred and ninety copies of structured questionnaire were used as primary data collection
instrument which was distributed to customers of diamond bank in the study area. However, the postulated
hypotheses were tested by employing the Pearson product moment Correlation Coefficient (PPMCC) statistical
tool which was facilitated by the statistical packages for social sciences (SPSS). The study however showed that
a significant relationship exists between e-CRM and consumer behavior. Furthermore, it was found that amongst
the dimensions of e-CRM, e-commitment and e-satisfaction impacts more significantly on customer patronage.
The study therefore concludes that Nigerian money deposit banks should increase their electronic platform
strategies since they commensurably impact on their level of customer patronage. However, the study
recommended that the key to efficient performance of Nigeria banking industry is hinged on their ability to
identify, attract, retain and develop their customers better than competitors and could be achieved by improved
e-trust, e-commitment and e-satisfaction. Limitation and suggestion for further studies was given.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Customers’ Satisfaction on E Banking Services in Indian Banking Sectorsijtsrd
Internet Banking is about using the infrastructure for digital age to create opportunities, both in local and global market. The purpose of this research is to understand the impact of service quality factors of Internet Banking on customer satisfaction in Indore district. Banks play a major role in all the economic and financial activities in modern society E banking is the application of electronic means in interaction between bankers and customer, and bankers and businesses, as well as in internal banking operations, to simplify and progress the banking services. Today, approximately all banks have adopted ICT as a mean of improving the service quality of banking servicesThis paper examines the customer satisfaction on the Electronic Banking Services of Public Sector and Private Sector Banks in Indore district. The sample size of the study is 80 the data is gathered from the primary information. For the purpose of analysis, the customer’s satisfaction in both banks has been assessed in seven dimensions based on the suggestions. Reliability, Accessibility, User friendliness, Privacy Security, Efficiency, Responsiveness and Fulfilment. ANOVA test were applied to test the hypotheses. Dr. Kamaljeet Bhatia "Customers’ Satisfaction on E-Banking Services in Indian Banking Sectors" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45231.pdf Paper URL: https://www.ijtsrd.com/management/other/45231/customers’-satisfaction-on-ebanking-services-in-indian-banking-sectors/dr-kamaljeet-bhatia
Banking system occupies an important place in Indian economy.
It provides various services to its customer. The nature of its services has evolved as the advancement of technology. It has become most challengeable to understand the customer satisfaction with quality of services. The present investigation was planned with the objective to analyse the customer choice towards the services provided by the bank. The research data was collected by the various bank customers for analysing the service quality from the ratings provided by the customer. In this regard, this research paper focuses with a purpose to report the findings of selected banking services which are used by the customers in India.
India is a fast becoming country of mobile and internet. Government of India initiative such as “Digital India”, in future our country will become cashless economy. Due to advancement of technology, man becomes more convenient and comfortable. Mobile Wallet is a platform for making payment through mobile. There are various
applications available like google pay, paytm citrus, etc. by using of such platforms payment can become more easy for online shopping, money transfer, utility bill payment, etc. Through mobile payment is very convenient and more secure to the public. Here, is an attempt to make a study on how the mobile wallet used by the consumers and their perception and satisfaction level towards using of such m-wallet payment gateways.
The Contribution of Electronic Banking to Customer Satisfaction: A Case of Gc...IJMIT JOURNAL
Internet banking has the potential to provide fast and reliable services to customers for which they are relatively happy. Due to the technological changes taking place all over the world, many institutions, including the banking sector have taken giant steps to move in tandem with these changes. In this light most
banks, with GCB Bank, Ghana, not being an exception have introduced electronic banking in order to decongest the banking halls of customers who spend time unending in order to transact business. The purpose of this research was to assess the Contribution of Electronic Banking to Customer Satisfaction at
GCB Bank-Koforidua, to this end some objectives were set for the study. These were: To assess the availability of electronic banking facilities at GCB Bank, Koforidua. To assess the knowledge and patronage of internet banking services by customers, to examine the effectiveness of the usage of electronic banking facilities, to examine the problem facing an internet banking in GCB Bank, Koforidua. This is a
quantitative study that employed the use of questionnaires as the main tools for data collection. Data was collected from management, staff and customers of GCB Bank, Koforidua Branch. Findings from analysis of data revealed that though there was the existence of internet banking facilities of the bank, respondents of the study were not fully aware of the existence of such facilities. It was also found that the use of internet
banking was quite expensive and that though the bank was utilizing the facility, customers were not fully patronizing them. It was concluded that internet banking brings efficiency in the operations of the bank. Finally, the study recommended that all branches of GCB Bank adopt internet banking facilities to help in effective banking operations and transactional purposes. To maximize the operations and potential of the bank management must endeavor to educate the customers about the existence of internet banking facilities since a few customers were aware of the existence of such facilities.
A Study On Customer’s Perception And Satisfaction Towards Electronic Banking ...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Electronic Customer Relationship Management and Consumer Behaviour (A Study o...IJRTEMJOURNAL
The study focuses on electronic customer relationship management and consumer behavior with
special emphasis on diamond bank Plc. Retail financial services in all markets, including emerging markets, are
undergoing major transformation that is driven by change, deregulation and customer sophistication. Electronic
Customer service and specifically online customer relationship management in particular is crucial to attaining
a sustainable competitive advantage, in the market place. The main objective of the study is to examine the effect
of electronic customer relationship management on customer patronage. A survey design was adopted for the
study and one hundred and ninety copies of structured questionnaire were used as primary data collection
instrument which was distributed to customers of diamond bank in the study area. However, the postulated
hypotheses were tested by employing the Pearson product moment Correlation Coefficient (PPMCC) statistical
tool which was facilitated by the statistical packages for social sciences (SPSS). The study however showed that
a significant relationship exists between e-CRM and consumer behavior. Furthermore, it was found that amongst
the dimensions of e-CRM, e-commitment and e-satisfaction impacts more significantly on customer patronage.
The study therefore concludes that Nigerian money deposit banks should increase their electronic platform
strategies since they commensurably impact on their level of customer patronage. However, the study
recommended that the key to efficient performance of Nigeria banking industry is hinged on their ability to
identify, attract, retain and develop their customers better than competitors and could be achieved by improved
e-trust, e-commitment and e-satisfaction. Limitation and suggestion for further studies was given.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Customers’ Satisfaction on E Banking Services in Indian Banking Sectorsijtsrd
Internet Banking is about using the infrastructure for digital age to create opportunities, both in local and global market. The purpose of this research is to understand the impact of service quality factors of Internet Banking on customer satisfaction in Indore district. Banks play a major role in all the economic and financial activities in modern society E banking is the application of electronic means in interaction between bankers and customer, and bankers and businesses, as well as in internal banking operations, to simplify and progress the banking services. Today, approximately all banks have adopted ICT as a mean of improving the service quality of banking servicesThis paper examines the customer satisfaction on the Electronic Banking Services of Public Sector and Private Sector Banks in Indore district. The sample size of the study is 80 the data is gathered from the primary information. For the purpose of analysis, the customer’s satisfaction in both banks has been assessed in seven dimensions based on the suggestions. Reliability, Accessibility, User friendliness, Privacy Security, Efficiency, Responsiveness and Fulfilment. ANOVA test were applied to test the hypotheses. Dr. Kamaljeet Bhatia "Customers’ Satisfaction on E-Banking Services in Indian Banking Sectors" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45231.pdf Paper URL: https://www.ijtsrd.com/management/other/45231/customers’-satisfaction-on-ebanking-services-in-indian-banking-sectors/dr-kamaljeet-bhatia
Banking system occupies an important place in Indian economy.
It provides various services to its customer. The nature of its services has evolved as the advancement of technology. It has become most challengeable to understand the customer satisfaction with quality of services. The present investigation was planned with the objective to analyse the customer choice towards the services provided by the bank. The research data was collected by the various bank customers for analysing the service quality from the ratings provided by the customer. In this regard, this research paper focuses with a purpose to report the findings of selected banking services which are used by the customers in India.
India is a fast becoming country of mobile and internet. Government of India initiative such as “Digital India”, in future our country will become cashless economy. Due to advancement of technology, man becomes more convenient and comfortable. Mobile Wallet is a platform for making payment through mobile. There are various
applications available like google pay, paytm citrus, etc. by using of such platforms payment can become more easy for online shopping, money transfer, utility bill payment, etc. Through mobile payment is very convenient and more secure to the public. Here, is an attempt to make a study on how the mobile wallet used by the consumers and their perception and satisfaction level towards using of such m-wallet payment gateways.
The Contribution of Electronic Banking to Customer Satisfaction: A Case of Gc...IJMIT JOURNAL
Internet banking has the potential to provide fast and reliable services to customers for which they are relatively happy. Due to the technological changes taking place all over the world, many institutions, including the banking sector have taken giant steps to move in tandem with these changes. In this light most
banks, with GCB Bank, Ghana, not being an exception have introduced electronic banking in order to decongest the banking halls of customers who spend time unending in order to transact business. The purpose of this research was to assess the Contribution of Electronic Banking to Customer Satisfaction at
GCB Bank-Koforidua, to this end some objectives were set for the study. These were: To assess the availability of electronic banking facilities at GCB Bank, Koforidua. To assess the knowledge and patronage of internet banking services by customers, to examine the effectiveness of the usage of electronic banking facilities, to examine the problem facing an internet banking in GCB Bank, Koforidua. This is a
quantitative study that employed the use of questionnaires as the main tools for data collection. Data was collected from management, staff and customers of GCB Bank, Koforidua Branch. Findings from analysis of data revealed that though there was the existence of internet banking facilities of the bank, respondents of the study were not fully aware of the existence of such facilities. It was also found that the use of internet
banking was quite expensive and that though the bank was utilizing the facility, customers were not fully patronizing them. It was concluded that internet banking brings efficiency in the operations of the bank. Finally, the study recommended that all branches of GCB Bank adopt internet banking facilities to help in effective banking operations and transactional purposes. To maximize the operations and potential of the bank management must endeavor to educate the customers about the existence of internet banking facilities since a few customers were aware of the existence of such facilities.
We are committed to providing 100% Plagiarism free quality academic assignments i.e. thesis, dissertations, Course work assignments, HND Business assignments, Research and Term papers and BSc Honors Applied Accountancy Oxford Brookes thesis (RAP, SLS and PPT). Pay by milestones. Please visit www.ghostwritingmania.com or reach my email inbox at ghostwritingmania@yahoo.com or add me on Skype: ghostwritingmania
The aim of this study is to analyze the quality of Internet banking services consisting of
Efficiency, System Availability, Fulfillment, Privacy, Responsiveness, Compensation and Contact with positive
and significant effects partially and simultaneously towards the Customer Satisfaction at Bank in Bandung. The
research method used is associative descriptive method with data collection techniques through questionnaires.
The results showed that the quality of Internet banking services consisting of Efficiency, System Availability,
Fulfillment, Privacy, Responsiveness, Compensation and Contact had a positive and significant effect on
customer satisfaction at Bank in Bandung
A study on banker's perception of electronic bankingRAVICHANDIRANG
Information and communication technologies have changed the working of the banking industry in the last few years. The
transformation is expected to quicken their pace in the coming years. The trend towards electronic delivery of products and
services is dramatically changing in the financial service industry, where the shift is partly as a result of consumer demand
but also a ruthless competitive environment. The present paper is an attempt to understand the use and benefits of e-Banking
from Bankers’ perspectives. This paper is the outcome of an empirical study with the objective of investigating bankers’
views regarding e-banking. It covers bankers’ perspectives on e-banking activities of respondents, impact of e-banking and
promotional measures used by banks to promote e-banking. The customers generally use e-Banking services on persuasion of
bankers. The bankers are convinced that e-banking helps in improving the relationship between bankers and customers and
that it will bring patent improvement in the overall performance of banks. So far as promotional avenues are concerned,
print media is at the top. The sources used from secondary level of data.
Assessing the Impact of Relationship Quality on Online Adoption ijbiss
Relationships are strongly embedded in Indian culture due to its high-context nature. Because of this, the role of relationship marketing has been advanced in a variety of services viz., banking, retailing, telecom, etc and hence the competition amongst various service providers has increased. Traditionally, relationship management used to be personal interaction based phenomenon but with IT as an enabler for online channels, the need for creating and growing relationships have transpired in a big way. With the advent of technological changes in the business environment, customers are seeking better alternatives to reduce the frequency of visiting the bank branch physically and are relying more on the virtual mode for transacting. Hence, banks and other service organizations are strongly focussing on the digital (online) channels for facilitating monetary transactions and hence gaining competitive advantage. In the virtual mode, the concept of relationships appears to be unrealistic due to the absence of human interface. However, significant studies have been conducted in this regard which focus on the influence of relationship quality factors viz., trust, commitment, satisfaction, etc. towards adopting the online channel for carrying out financial transactions. Relationship quality focuses on evaluating the strength of relationships, which affects customer loyalty. There exists a dearth of such significant studies in the Indian context. The present research will focus on bridging this gap in the literature. This paper will follow a causal research design for empirically analysing the impact of RQ factors towards adopting online mode for banking transactions. It will also investigate the future intentions of the customers toward using the online channels for carrying out financial transactions.
A Study on Factors of E Banking Challenges in Indiaijtsrd
The customer uses the banking services through online banking, mobile phone banking and automated teller machine these were are called as 'E Banking. This study aimed to describe the customer view about the banking services through E banking. Customer service is also a part of the banking, this paper will tell about the customer satisfaction level about the e banking will explain through the pilot study. Dr. S. Saravanan | M. Dharani "A Study on Factors of E-Banking Challenges in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31147.pdf Paper Url :https://www.ijtsrd.com/management/accounting-and-finance/31147/a-study-on-factors-of-ebanking-challenges-in-india/dr-s-saravanan
The Impact of Technology Based Self Service Banking Dimensions On Customer Sa...ijbiss
The technology based self service banking (TBSSB) refers to automated banking services that customer avail in self service mode using various electronic banking channels, without any interaction with bank employees. This paper investigates the relationship between key dimensions (factors) of TBSSB service quality and Customer Satisfaction. A structured questionnaire was formulated by identifying and adapting attributes on the basis of past studies on service quality of automated services and customer satisfaction.Data was collected from sample of bank customers in India. The collected data was divided into two subsamples of equal size. The TBSSB service quality and customer satisfaction dimensions were identified by conducting an exploratory factor analysis (EFA) on the half of the collected data using SPSS 16.0 software.Factor structure was confirmed by conducting confirmatory factor analysis (CFA) using AMOS 20.0 software on the remaining half of the collected data
The Impact of Technology Based Self Service Banking Dimensions on Customer Sa...ijbiss
The technology based self service banking (TBSSB) refers to automated banking services that customer avail in self service mode using various electronic banking channels, without any interaction with bank employees. This paper investigates the relationship between key dimensions (factors) of TBSSB service
quality and Customer Satisfaction. A structured questionnaire was formulated by identifying and adapting attributes on the basis of past studies on service quality of automated services and customer satisfaction. Data was collected from sample of bank customers in India. The collected data was divided into two subsamples of equal size. The TBSSB service quality and customer satisfaction dimensions were identified by
conducting an exploratory factor analysis (EFA) on the half of the collected data using SPSS 16.0 software. Factor structure was confirmed by conducting confirmatory factor analysis (CFA) using AMOS 20.0 software on the remaining half of the collected data. The proposed model was empirically tested for unidimensionality, reliability, and validity. AMOS 20.0 was also used to examine the link amid TBSSB service quality and Customer Satisfaction by testing hypotheses using structural equation modeling (SEM). This study may help banks’ management to investigate the customers’ quality perceptions about TBSSB services, thereby helping banks to formulate strategies to improve the quality of service and customer satisfaction.
Customers Satisfaction on the Retail Banking Sector in Bangladesh: A Case Stu...Dr. Amarjeet Singh
Nowadays competition among company to the
company very serves, but most of the companies present
nearly the same product or service with their competitors. To
comprehend from competitors a firm need or offer superior
services. Customer satisfaction is now one of the important
key factors in the business sector. When it comes to banking
sector customer satisfaction level is differentiated to one bank
to another, thus measuring customer satisfaction is awfully
important. without satisfied customers, the bank cannot exist.
This work focus on the customer satisfaction in the retail
bank on city bank limited. This research is conducted to
affirm customer expectation on retail banking, which is
decisive for the growth of the company.
Customer Satisfaction on Banking Services in Indian Growing Economy Nainital ...Dr. Amarjeet Singh
Finance is the energy of every business whether it is
profit making or loss-making business and finance are
required. Economy grows with the developing people of his
country. There is no way to grow the country economy
without financial growing of his resident peoples and banking
sector play a major role to provide financial services. Banks
play a major role in the growth of the economy by providing
their services. Customer satisfaction is essential for the future
growth of both bank and country economy growth also. This
study made to determine customer satisfaction level on
banking services. This study based on primary data. Primary
data collected through questionnaire. The questionnaire
collected from 50 peoples in Kumoun region specially in
Haldwani urban area. All types of people included in sample
collection Students, Employees, Self Employees, and retired
persons. To assess customer satisfaction used the pre-tested
five points Likert's scale test. On the basis of the analysis, it is
concluded that the customer service satisfaction level of banks
is 73.80%.Key Words: Customer satisfaction, Banking
services, Overall satisfaction.
Analysis of Factors Affecting the Customer’s Satisfaction with reference to A...iosrjce
This is an age of technology. Now, all types of organizations are adopting the modern technology
for providing efficient services to the customers. This study is an attempt to find out the significant factors that
affecting the customer‟s satisfaction in ATM (Automated Teller Machine) service in Dhaka city. The results of
reliability test, factor analysis, and regression analysis focuses that cost of services of ATM, ATM network,
security in transactions of ATM, location of ATM Centers, and maximum withdrawal limit per day are the most
vital factors in customers satisfaction of ATM services. Finally it is evident from the study; overall 62% of the
customers are satisfied by using ATM services in Dhaka city.
An Empirical Study on the Mediating Effect of E-Service Recovery Satisfaction...iosrjce
In the era of Internet and the accelerating rate of using the e-context as a marketing tool by wide
range of companies, customer retention becomes a crucial element in firm’s survival. Losing customers to
competitors in e-context is a constant threat as it is a click away .The current study aims at at investigating the
influence of five customer factors namely; E-Trust, Prior Experience, Customer’s Perception of Feedback, ELoyalty
and Digital Awareness on Customer Retention. The study has investigated whether E-Service Recovery
Satisfaction (E-SRS) has a mediating role on these relations in Airline Industry in Malaysia. A questionnaire is
designed as a data collection tool. The unit of analysis is Malaysian passengers who used the local Airlines and
faced a service failure. Sequential Equation Modeling is employed to analyze the data collected using closedended
multiple choice questionnaire.
American Journal of Multidisciplinary Research and Development is indexed, refereed and peer-reviewed journal, which is designed to publish research articles.
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A Study of Impact of Customer Satisfaction on Online Shoppingijtsrd
Customer satisfaction is considered important for online shopping. Researching what leads to customer satisfaction has become paramount for online businesses. Thus, the goal of this work was to identify the determinants of customer satisfaction in an online context. In this work, the authors proposed a conceptual model of customer satisfaction in an online context, identifying key factors proposed in previous studies, and hypotheses were developed accordingly. Hypotheses were tested using multiple regression analysis based on a sample of 50 online clients. The work found that customer service, website design, and perceptions of security were largely related to customer satisfaction on the internet. Nyamsuren Bayartogtoh | Gantogtoh Tsogtgerel | Ariuntuya Erdenebaatar "A Study of Impact of Customer Satisfaction on Online Shopping" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-1 , December 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29710.pdf Paper URL: https://www.ijtsrd.com/management/management-development/29710/a-study-of-impact-of-customer-satisfaction-on-online-shopping/nyamsuren-bayartogtoh
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
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1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
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1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
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The effects of customers service quality and online reviews on customer loyal...
6.[45 54]factors influencing online banking customer satisfaction and their importance in improving overall retention levels
1. Information and Knowledge Management www.iiste.org
ISSN 2224-5758 (Paper) ISSN 2224-896X (Online)
Vol 1, No.1, 2011
Factors Influencing Online Banking Customer Satisfaction and
Their Importance in Improving Overall Retention Levels: An
Indian Banking Perspective
Shah Ankit
7 Jawahar Society, R. V. Desai Road,
Near Gangotri Appartments, Vadodara – 390 001, Gujarat, India.
Tel: +919427369729 E-mail: princeof21cen@yahoo.com
Abstract
In recent years, the banking industry around the world has been undergoing a rapid transformation. The
deepening of information technology has facilitated better tracking and fulfillment of commitments, multiple
delivery channels for online customers and faster resolution of issues. In India too, the wave of deregulation in
the early 1990s has created heightened competition and greater risks for banks and financial intermediaries.
Today, customers expect higher quality services from banks which, if fulfilled, could result in significantly
improved customer satisfaction levels.
This empirical research study mainly focuses on investigating the major factors that influence online customers’
satisfaction with the overall service quality of their banks. This study also helps in assessing the power of these
factors in the context of Online(Internet) banking and would, therefore, help the bank management not only in
improving the level of satisfaction but also strengthening the bond between the banks and their customers,
thereby helping them to retain and/or expand their overall customer base.
Keywords: Online Banking, Customer Satisfaction
1. Introduction
There is little doubt that the proliferation of, and advancements in, Internet-based technologies have resulted in
fundamental changes in how companies interact with their customers (Ibrahim et al, 2006; Bauer et al., 2005;
Parasuraman and Zinkhan 2002). Banks and financial corporations have been at the forefront of this Internet and
technology adoption process. Online banking refers to the automated delivery of banking products and services
directly to customers through electronic communication channels, most notably the Internet. Online banking is
also called E-banking or PC banking. (Pikkarainen, Karjaluoto, and Pahnila 2004) define Internet banking as an
‘Internet portal, through which customers can use different kinds of banking services ranging from bill payment
to making investments’.
The Indian banking and financial sector has also welcomed this change. Today, more and more Indian banks are
trying to differentiate themselves in a fiercely competitive industry. Not only this helps them align their
offerings to the constantly evolving customer needs and developments in technology, it also serves to replace
some of traditional bank functions, thereby reducing significant overheads associated with bank branches.
As an increasing number of Indian banks look at the innovative ways, such as Online banking, to make a
customer's banking experience more convenient, efficient, and effective, it becomes even more important to
ascertain the customers’ perception of the overall service quality and their satisfaction with the current online
banking services. Measuring customer satisfaction can provide banks useful information about customer loyalty
and retention, and also help them devise effective strategies to use efficient customer service as a distinguishing
factor in this heavily customer-oriented service industry.
2. Literature Review
(Pikkarainen, Karjaluoto, and Pahnila 2004) define Internet banking as an ‘Internet portal, through which
customers can use different kinds of banking services ranging from bill payment to making investments’. With
the exception of cash withdrawals, Internet banking gives customers access to almost any type of banking
transactions at the click of a mouse. The use of the Internet as a new alternative channel for the distribution of
financial services has become a competitive necessity instead of just a way to achieve competitive advantage
with the advent of globalization and fierce competition (Flavián, Torres, & Guinalíu, 2004; Gan, Clemes,
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ISSN 2224-5758 (Paper) ISSN 2224-896X (Online)
Vol 1, No.1, 2011
Limsombunchai, & Weng, 2006).
(Rueangthanakiet Pairot, 2008) defined Customer‘s satisfaction as the company's ability to fulfill the business,
emotional, and psychological needs of its customers. However, customers have different levels of satisfaction as
they have different attitudes and experiences as perceived from the company. Customer’s satisfaction is affected
by the importance placed by the customers on each of the attitudes of the product/ service. Customer satisfaction
measurement allows an organization to understand the key drivers that create satisfaction or dissatisfaction; and
what is really driving their satisfaction during a service experience.
When customers pay money to buy a service he has some minimum expectations from the transaction. These
expectations from the purchase have to be met substantially, if not entirely for the customer to become a loyal
customer of the service (Akbar and Parvez, 2009). These expectations are fulfilled of a promises- quality, fair
price, availability, after sale services, complaints handling process, information, and variety etc. the customers
are demanding high quality of services and low prices or charges. Better quality for the same cost is the motto of
the customers.
2.1 Customer Satisfaction and Online Banking
The concept of “Customer or User Satisfaction” as a key performance indicator within the businesses has been
in use since the early 1980s (Bailey & Pearson 1983; Ives, Olson, & Baroudi 1983). Similarly, the end user
computing satisfactions have been studied since the 1980 (Bailey & Pearson 1983; Chin, Diehl, & Norman 1988;
Ives et al., 1983; Rivard & Huff 1988). The user satisfaction can be seen as the sum of the user’s feeling and
attitudes toward several factors that affect the usage situation (Bailey et al., 1983).
End user experience has become an important factor in internet-based businesses because the end user often
pays for the majority of new products and services. Therefore, new product characteristics such as perceived
ease of use, quality, aesthetics, appeal and value for money must be matched or exceeded with customer
expectations toward the product (Wilson & Sasse 2004). Therefore, assessing customer satisfaction has become
very important, especially for high tech products and services. In general, customer satisfaction has been
measured using questionnaire scales for which either a Likert or a semantic differential scale have been used.
A study by (Picado, Gonzalez & Eckelman 2004) investigated customer satisfaction in the service industries
using quality function deployment (QFD). They considered both external and internal service management
issues and subsequent service innovations based on the framework of QFD. The study also includes benefits and
disadvantages of the QFD process as compared to service quality and customer paradigms, in addition to
recommendations for future applications, with particular interest in the online banking service management
issues.
Various research studies on consumer attitude and adoption of internet banking have shown that there are
several factors influencing the consumer’s attitude towards online banking such as person’s demography,
motivation and behavior towards different banking technologies and individual acceptance of new technology. It
has been found that consumer’s attitudes toward online banking are influenced by the prior experience of
computer and new technology (Laforet and Li 2005). As far as online banking adoption is concerned, security,
trust and privacy concerns have been outlined as extremely important ones from the consumer’s standpoint
(Benamati and Serva 2007). Online banking requires perhaps the most consumer involvement, as it requires the
consumer to maintain and regularly interact with additional technology (a computer and an Internet connection)
(Jane et al, 2004). Consumers who use e-banking use it on an ongoing basis and need to acquire a certain
comfort level with the technology to keep using it (Servon, and Kaestner 2008).
The service quality attributes that banks must offer to encourage consumers to switch to online banking are
perceived usefulness, ease of use, reliability, security, and continuous improvement (Liao and Cheung 2008). In
another study (2002), they also found that individual expectations regarding accuracy, security, user
involvement and convenience were the most important quality attributes in the perceived usefulness of Internet-
based e-retail banking.
A study by (Ibrahim et al, 2006), revealed six composite dimensions of electronic service quality, including the
provision of convenient/accurate electronic banking operations; the accessibility and reliability of service
provision; good queue management; service personalization; the provision of friendly and responsive customer
service; and the provision of targeted customer service. Perceived usefulness, security and privacy are the most
influencing factors to accept online banking (Qureshi et al, 2008).
3. Objectives
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It is a well-known fact that globalization and deregulations over the past decade or so, while helped banks
expand their reach beyond countries and continents, have also made them highly competitive. It’s getting
increasingly difficult for these financial institutions to simply compete based on price. Banks are, therefore,
looking at other ways, e.g. offering Internet banking services, to maximize profits as well as retain their loyal
customer base. However, this cannot be accomplished without sufficiently high service quality, which when
fulfils the constantly changing customer needs, results in improved customer satisfaction. Banks hope to
capitalize on these customer satisfaction levels in order to strengthen the customer loyalty as well as expand
their overall customer base. It’s not surprising that customer satisfaction is rapidly developing into a key success
factor from Online or Internet banking standpoint.
In this context, the present research study was undertaken to:
1. Investigate the factors that influence the level of satisfaction of online customers (i.e. customers using
Online or Internet banking services) of selected retail banks; and
2. Assessment of relative significance of these factors on overall satisfaction of these online banking
customers
4. Research Methodology
4.1 Population of Study : Vadodara (Baroda) city
Vadodara, also known as the Sanskari Nagari (The City of Culture), is the third most-populated city of the state
of Gujarat in Western India. Also referred to as the Cultural Capital of Gujarat, Vadodara has already achieved
the status of an upcoming Metro. A total of 250 consumers from Vadodara were surveyed for this research study.
4.2 Primary Data
Tools Used : Questionnaire & Interview
Sample frame : All customers who are using or are willing to use or adopt Internet banking in Vadodara.
Sample size : 250
Questionnaire : This is divided into two parts:
The questionnaire was self-administered by the researcher. According to (Hair et al., 2006), a research study
designed to reveal factor structure should have more observations than variables, and that the minimum absolute
sample size should be 50 observations. Furthermore, as rule of thumb, the number of observations per variable
should be a minimum of five.
Part 1 is the demographic study and it consist questions pertaining to the respondents’ demographic profiles,
such as age, gender, marital status, educational qualification, occupation, employment sector, designation and
monthly income were asked. Part 2 (Consumer Opinion) had questions related to major factors of online
customer satisfaction. All the 41 questions of the questionnaire from part 2 used a Likert scale ranging from 1 =
Very Dissatisfied to 5 = Highly Satisfied.
Secondary data was collected through research papers, journals, websites, books, project reports and so on.
5. Data Analysis
Demographic Profile of the Respondents is presented in Table 1.
From Table 1, the sample consumers were mostly in the age group of 26-35 (50%). It is also evident from the
table that 22.4% of the respondents were youngsters (below 25 years), 23.6% were between 36 and 45, and 4%
were above 45.
It can also be seen that the respondents had a relatively equal proportion of males (52.4%) and female (47.6%).
The above-mentioned proportion of males and females is in accordance with the present population of India, and
therefore, can be said to reflect India’s population balance.
Furthermore, a majority of the respondents were unmarried (56.4%) , while the percentage of married
respondents was 40.8. The respondents were predominantly post-graduates (64.8%) and graduates (28.8%). This
implies that the respondents had high literacy levels. With regard to employment status, the respondents were a
mix of students (20.8%), self-employed (4.8%) , wage employed (28.4%) professionals (42.4%) and others
(3.6%). It is quite obvious that the employment level was high among the respondents. The study had a majority
of the respondents earning between Rs. 10,000 and Rs. 20,000 (69.6%), while 23.2% of them had income less
than Rs. 10,000 and 7.2% of them more than Rs. 20,000.
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5.1 Over All Satisfaction of The Respondents
Majority of the respondents have indicated that they were satisfied (approx. 60%) with the Internet banking
services of the selected bank, as shown in Table 2. From the total responses for this section, 34 or 13.54 % of
the respondents revealed that they were very satisfied with the bank. Around 116 or 46.48% of the respondents
showed that they were fairly satisfied with the bank. Conversely, it can also be seen that about 30.26% of the
respondents reported low levels of satisfaction. When this percentage of dissatisfied customers is generalized
with the total number of customers of the banks, this will be quite a sizeable number and a cause of concern for
the banks. To sum up, the data suggests that most respondents have a positive attitude and are satisfied with the
online services of the banks.
5.2 Results of Factor Analysis
A total of 250 respondents were surveyed using the questionnaire. The raw data was analysed using SPSS 17.0
(Green et al., 2000) and factor analysis in order to summarize the 41 variables (as each question in Part - 2
(Consumer opinion) of survey questionnaire represent one variable) into smaller sets. Then data was subjected
to principal component analysis. Hence, these 41 variables were reduced to ten principal components through
varimax rotation (Table 3). Items with factor loadings of 0.40 or higher were clustered together to form separate
constructs, as recommended by (Hair et al. 2006). Here, the researcher had considered only those factors whose
eigen-values is more than one, as significant.
As shown in Table – 3, the derived factors represent the different elements of banking which form the
underlying factors from the original 41-scale response items given.
The first factor affecting Internet banking adoption refers to the Banking Needs and is, labeled as
BankingNeeds. The most prominent and vital characteristic for any adoption of new service or product, is
generating awareness among the customers about that specific service or product. Hence, if the consumers of
Vadodara are not adopting Internet banking, it may be because they are not aware about such a service being
available and the added value that it offers.
The second factor represents the elements of the core services provided by the bank, and is, therefore labeled as
CoreServices. These elements are skills and competencies of the employees, their confidence instilling
behaviour, the number of employees in each branch, convenient timings of the bank, and all the statements
related to the overall image of the bank as perceived by the customers, i.e., the mission and vision, clear
objectives to satisfy its customers, and the brand (image) of the bank.
The third factor is concerned with the convenience and comforts that a customer should get from banks, and is
thus abbreviated as Convenience. The elements are convenient locations of the ATMs along with provision of
the ATMs at several prominent locations, the number of branches provided, and convenient locations of the
branches being used.
Risk and Privacy Concern is another important factor and is abbreviated as RiskPrivacy. The element of trust in
this context would relate to the security of transacting for consumers and determine the acceptability rate of this
alternative delivery channel in the long run. According to (Rayport and Jaworski 2004), “Security is the ability
of a system to prevent illegal or inappropriate use of its data and to deter cyber-criminals and hackers. Using the
Internet as medium for transaction always entails some risks”. As per (Featherman and Pavlou 2002), Perceived
risk in the field of e-banking can be defined as: "the potential for loss in the pursuit of a desired outcome of
using e-banking services". As (Kamel and Hassan 2003) put it, “Perception of high risk associated with
performing financial transactions over the Internet may actually hinder Internet banking adoption.”
The fifth factor consists of the statements that lead a customer to continue with the bank, abbreviated as
ConsCont. The elements factored are general ambience and comfort level being provided, offering of
satisfactory products and services, and continuances with the bank as customers are satisfied.
The sixth factor is a summation of the elements that lead to the speedy resolution of problems, thus giving rise
to a healthy relationship between the bank and the customers, termed as ProbResol. The loaded elements were
time taken to resolve a problem, queuing in branch, and the receiving of proper responses from the concerned
employees when faced with problems.
According to (Rothwell and Gardiner 1984), “Price is one of the single most important factors that influenced
the consumer adoption of innovation. If consumers are to use new technologies, the technologies must be
reasonably priced relative to the alternatives. Otherwise, the acceptance of the new technology may not be
viable from the consumers’ standpoint”. Therefore, we have included Cost Saved, abbreviated as CostSaved, as
a variable of interest for this project.
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The eighth factor relates to the pricing policies adopted by the retail bank, termed as InterestPolicy. The items
that were factored are the competitiveness of the interest rates offered on various deposits and the rates of
interest charged on the loans.
The ninth factor relates to the reasonability of the charges collected by the bank when compared to other banks,
and the number of categories being present to charge the customers or impose penalties. Hence, it was labelled
as BnkChrg, an abbreviation for bank charges.
The tenth factor is Feature Availability, labeled as FeatureAvailability. According to (Sathye 1999), “Access to
computers and Internet is a prerequisite for adoption of Internet banking. The higher the access to computer and
Internet, wider is the probability of Internet banking adoption”. Separate studies by (Doll, et al., 1995) and
(Muylle 1998) indicated that “the easier it is to navigate the website, the better will be the overall user
experience. Attributes such as information content about the product, structure, language(s) offered, layout
features etc. would also affect consumers' perception of the user friendliness of the Internet banking site and
overall customer satisfaction”.
In present study the researcher had also applied pre-analysis testing for suitability of the entire sample for factor
analysis. As shown in Table - 4, The Kaiser-Meyer-Olkin (KMO) measure of sampling adequacy was 0.727 and
the Bartlett’s test of sphericity 1561.690, significant at p<0.001. Thus, it indicated that the sample was suitable
for factor analytic procedures (Hair et al., 2006). Moreover, as the chi-square(χ2) test statistic is 1561.690 (p-
value = 0.000), the study identified that there was extremely low probability of obtaining this result (a value
greater than or equal to the obtained value) if the null hypothesis (H0) was true. (The study assumed the null
hypothesis(H0) as the population correlation matrix of the measures is an identity matrix). Hence, the null
hypothesis was rejected as the variables were correlated with each other.
As from Table – 3, ten factors with eigen-values greater than 1.0 were obtained and these accounted for 66.952
% of the total variance. In order to establish the internal consistency, Cronbach’s alpha was calculated for ten
factors – 0.813, 0.807, 0.792, 0.789, 0.780, 0.669, 0.661, 0.600, 0.613, 0.657 respectively (Cronbach, 1951).
5.3 Multiple Regression Analysis
The factor solution obtained above reflected a high degree of separation (no cross loadings). Hence, the factor
solution is considered to exhibit sufficient reliability and validity, and therefore, can be used in further analysis.
In order to satisfy the second objective of assessment of relative significance of these factors on overall
satisfaction of these online banking customers, the factor scores were obtained and used as independent
variables in the standard multiple regression analysis. The respondents’ response with their overall satisfaction
with the bank was used as the dependent variable.
The proposed regression model is as follows :
Y = α + β1BankingNeeds + β2CoreServices + β3Convenience + β4RiskPrivacy + β5ConsCont +
β6ProbResol + β7CostSaved + β8InterestPolicy + β9BnkChrg + β10FeatureAvailability + ε
Where the dependent variable is Y = Overall satisfaction of the customers, and the independent variables are :
BankingNeeds = Banking Needs, CoreServices = Core Services of the bank, Convenience = Consumer
Convenience being provided, RiskPrivacy = Risk & Privacy involved, ConsCont = Consumers’ continuation
factors, ProbResol = Resolution of consumers’ problems, CostSaved = Saving of Cost of consumers,
InterestPolicy = Interest-related policies adopted, BnkChrg = Charges levied by the bank,
FeatureAvailability = Features Available to satisfy online consumers, α = Intercept, and ε = Error term
5.4 Results of Multiple Regression Analysis
In order to assess the influencing power of these factors, multiple regression analysis has been used. Table 5
illustrates the results of the multiple regression analysis (all the variables were entered at the same time).
The above analysis brought out some interesting results. The value of the multiple correlation coefficients (R)
between the independent variables and the dependent variable was 0.613. The R2 for the model was 0.374, thus
showing that about 37.4% of the variability in the outcome is accounted for by the predictors (independent
variables). The adjusted R2 for the model is 0.355, and it can be seen that the difference between the values of
R2 and adjusted R2 (0.374 – 0.355 = 0.019 or 1.90%) is not very high. This implies that if the model was derived
from the population instead of the sample, it would have accounted for approximately 1.90% of less variance in
the outcome. The f statistic obtained is 15.462 (p-value = 0.000), thus indicating that the independent variables
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have a significant influence on the dependent variable at 5% level of significance, and that the model is
effective. Collinearity diagnostic confirmed that there are no concerns of multicollinearity. The Variation
Inflation Factor (VIF) was less than 2 for the above model.
6. Discussion
The present study has drawn its basis from the research findings of the previous studies on this subject
(Parasuraman et al., 1988, Shil and Das 2008). This study has successfully identified the major factors that
affect the overall satisfaction of Online or Internet banking customers. These factors are also in agreement with
the empirical findings of the past studies focused on customer satisfaction.
The standardized coefficient for the independent variable BankingNeeds is the highest (β = 0.512, t = 8.642, and
p = 0.000) CoreServices is the second highest (β = 0.509, t = 8.619, and p = 0.000), and it can be said that both
the factors have the strongest influence on the overall satisfaction of the customers. The third strongest influence
was the resolution of problems by the bank, ProbResol (β = 0.222, t = 3.679, and p = 0.000). This is much in
accordance with the latest researches on the effect of service failure and its recovery on customer satisfaction
(Levesque and McDougall, 1996)34. The saving of cost of consumers is factored as CostSaved has a significant
influence (β = 0.194, t = 3.539, and p = 0.000) on overall satisfaction of banks’ online customers. The
convenience that the banks should provide to its customers is factored as Convenience in the present study, also
having a significant influence (β = 0.179, t = 3.059, and p = 0.003) on overall satisfaction of banks’ online
customers. Risk & Privacy or RiskPrivacy or the factor that encompasses the variables that represents threats in
using Internet banking, has the sixth strongest influence (β = 0.125, t = 2.827, p = 0.000). FeatureAvailability is
the next factor, which possesses variables related to various online features of the banks, has a seventh strongest
influence (β = 0.119, t = 2.068, and p = 0.039). Finally, it can also be seen that ConsCont or the factor that
encompasses the variables that lead a customer to continue with the banks, has also significantly affect (β =
0.108, t = 1.882 and p =0.000) on overall satisfaction of banks’ online customers.
The results have also shown that pricing and bank charges-related factors, namely InterestPolicy and BnkChrg,
are not significant (β = 0.042, t = 0.739, and p =0.458; and β = 0.091, t = 1.603, and p =0.108, respectively) in
explaining the variation in overall satisfaction of the customers. This is not in conformity with the previous
findings of (Laroche and Taylor 1988) and (Levesque and McDougall 1996) since interest (pricing) and bank
charges-related factors have turned out to be rather insignificant determinants of customer satisfaction from
Online or Internet banking standpoint. To a certain extent, this can be attributed to the fact that consumers of
Indian banks using the Internet-based banking services are usually presented with a uniform set of pricing-
related options. This is due to the standardized regulations governed by the RBI that are followed by these
banks. Therefore, the researcher believes that customers’ identification with these factors do not have a
significant influence on their overall satisfaction. It is also found that a majority of the sample customers were,
in general, satisfied with the overall service levels of their banks.
7. Conclusion
This research study revealed that Banking Needs, followed by Core Services, Problem Resolution, Cost Saved,
Convenience and Risk and Privacy Concerns were the major factors that strongly affect the overall satisfaction
of online consumers. On the other hand, Feature Availability and Consumer Continuation were found to
moderately affect the overall satisfaction of customers using Online or Internet banking services. In order to
promote customer satisfaction, it is inevitable for banks to give due emphasis to all the above-mentioned factors.
In closing, the researcher would like to add that a proactive and creative approach by banks, for example,
providing consumer education re: Internet banking and friendly customer service, will help improve the
consumer confidence, and eventually overall customer satisfaction levels in Vadodara as well as India.
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Table 1 : Demographic profile of the customers
S. No. Demographics Frequency Percentage
1. Gender: Male 131 52.4
Female 119 47.6
2. Age (years): <25 56 22.4
26 -35 125 50
36-45 59 23.6
Above 45 10 4
3 Marital Status : Married 102 40.8
Unmarried 141 56.4
Others 7 2.8
4. Education Levels : 72 28.8
Graduation 162 64.8
Post-graduation 16 6.4
Others
5. Employment Status : 12 4.8
Self-Employment 71 28.4
Wage-Employment 106 42.4
Professionals 52 20.8
Students 9 3.6
Others
6. Monthly Income : 58 23.2
<10,000
10,001 – 15,000 95 38
15,001 – 20,000
Above 20,000 79 31.6
18 7.2
Total 250 100
Table 2 : Overall Satisfaction Levels
Satisfaction Levels Frequency Percentage
Very Dissatisfied 23 9.18
Fairly Dissatisfied 53 21.08
Neither Satisfied Nor Dissatisfied 24 9.72
Fairly Satisfied 116 46.48
Very Satisfied 34 13.54
Total 250 100
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Table 3 : Results of Factor Analysis of the 41 items and their Ten factors
Sr. Factor / Items Eigenvalue Factor Variance Cumulati
No. Loadin (%) ve
gs Variance
(%)
1. BankingNeeds (Cronbach 3.626 14.753 14.753
α = 0.813)
Internet Banking(IB) is compatible with my banking 0.718
needs
IB is easy to use 0.706
IB is compatible with my lifestyle 0.700
Using IB is a sign of modernity 0.692
My friends are using IB 0.691
2. CoreServices (Cronbach 3.492 11.289 26.042
α = 0.807)
You are satisfied with the skills and competencies of 0.757
the employees
The bank has convenient timings 0.713
The behaviour of the employees instills confidence in 0.699
you
Each branch has a sufficient number of employees 0.689
The bank has clear objectives to satisfy customers 0.637
The brand (image of the bank) is appealing to you 0.598
Mission and vision statements of the bank rightly 0.571
define its commitment towards customers
3. Convenience Cronbach 2.812 10.021 36.063
α = 0.792
My bank has convenient timings 0.795
The location of the ATMs are convenient to you 0.788
The number of branches of the bank is enough 0.747
The locations of the branches of the bank are 0.681
convenient
The bank provides ATMs at several prominent 0.649
locations
4. RiskPrivacy Cronbach 3.102 9.325 45.388
α = 0.789
I am concerned about the security of Internet 0.621
Banking(IB) services
I don’t trust IB services 0.601
I am concerned about the privacy of IB services 0.565
I prefer personal and face to face banking 0.563
5. ConsCont Cronbach 2.595 6.911 52.299
α = 0.780
The products and services offered by the bank are 0.792
satisfactory
You wish to continue with the bank as you are satisfied 0.678
with it
The general ambience and comfort level of the bank is 0.628
satisfactory
Parking space available is sufficient 0.727
6. ProbSolution Cronbach 1.669 4.608 56.907
α = 0.669
It takes a long time to resolve your problems 0.873
Usually, one has to stand in a long queue in the bank 0.702
for any transaction
As a customer, when you have a problem, you get 0.599
proper response from the concerned employee
7 CostSaved Cronbach 2.642 3.011 59.918
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α = 0.661
IB is a cheaper way to conduct banking 0.758
My bank offer additional benefits for Internet 0.674
Banking(IB) users
My bank does not offer incentive to use its IB services
My bank encourages me to use IB 0.653
8. InterestPolicy Cronbach 1.493 2.991 62.909
α = 0.600
The interest rate offered by the bank on various 0.567
deposits is competitive enough
The rate of interest charged on the loans are 0.521
satisfactory
9. BnkChrg Cronbach 1.350 2.113 65.022
α = 0.613
The bank has a number of categories to charge its 0.701
customers or to impose penalties
The charges that the bank collects from you are 0.649
reasonable when compared with other banks
10. FeatureAvailability Cronbach 1.798 1.930 66.952
α = 0.657
IB makes conducting banking transaction easier 0.822
My bank does not offer training to use its IB services 0.780
I do not know how to use IB 0.735
My bank does not offer IB 0.679
IB does not resonate with me 0.610
Table 4 : KMO and Bartlett’s Test
KMO Measure of Sampling Adequacy 0.727
Bartlett’s Test of Sphericity Approx. Chi-Square 1561.690
Degree of freedom 231.00
Significance 0.000
Table 5 : Results of the Multiple Regression Analysis – Coefficients
Variable Unstandardized Coefficients Standardized T Sig.
Coefficients β
Β Std. Error
Constant 3.310 0.069 - 45.013 0.000
BankingNeeds 0.683 0.069 0.512 8.642 0.000
CoreServices 0.629 0.069 0.509 8.619 0.000
Convenience 0.217 0.069 0.179 3.059 0.003
RiskPrivacy 0.204 0.069 0.125 2.827 0.000
ConsCont 0.141 0.069 0.108 1.882 0.000
ProbResol 0.269 0.069 0.222 3.679 0.000
CostSaved 0.211 0.069 0.194 3.539 0.000
InterestPolicy 0.059 0.069 0.042 0.739 0.458
BnkChrg 0.123 0.069 0.091 1.603 0.108
FeatureAvailability 0.149 0.069 0.119 2.068 0.039
R : 0.613, R2: 0.374, Adjusted R2 : 0.355, Std. Error of the Estimate : 0.99405
Dependent Variable : Overall Consumer Satisfaction
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