Analyzing predictors of customer satisfaction and assessment of retail banking problems in Pakistan

The current study has tried to explore the types of services provided by Pakistan. A total of 1,089 bank customers affiliated with eight major banks across four major cities were interviewed through specified questionnaire. The gender wise distribution is 87% males and 13% female of the interviewed,...

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Autores principales: Muhammad Naeem Anjum, Bi Xiuchun, Jaffar Abbas, Zhang Shuguang
Formato: article
Lenguaje:EN
Publicado: Taylor & Francis Group 2017
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Acceso en línea:https://doaj.org/article/3dcbadde1cda496f87c28ed7158499ab
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spelling oai:doaj.org-article:3dcbadde1cda496f87c28ed7158499ab2021-12-02T14:35:47ZAnalyzing predictors of customer satisfaction and assessment of retail banking problems in Pakistan2331-197510.1080/23311975.2017.1338842https://doaj.org/article/3dcbadde1cda496f87c28ed7158499ab2017-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2017.1338842https://doaj.org/toc/2331-1975The current study has tried to explore the types of services provided by Pakistan. A total of 1,089 bank customers affiliated with eight major banks across four major cities were interviewed through specified questionnaire. The gender wise distribution is 87% males and 13% female of the interviewed, individuals; while account type-based distribution is 24% business account, 37% salary account, and 39% general account holders. Regression analysis showed that customer satisfaction was governed by multiple significant predictors which include bank staff behavior (β = 0.18, p < 0.001), guidance inside bank (β = 0.04, p < 0.01), variety in service products (β = 0.03, p < 0.05), access to account statements (β = 0.11, p < 0.001), availability of cash (β = 0.11, p < 0.001) in ATM, and knowledge of bank staff (β = 0.40, p < 0.001). It is concluded that the retail banking in Pakistan has enormous room to capture more customers provided that private and public sector banks should invest more in infrastructure development along with the provision of swift banking services to their customers.Muhammad Naeem AnjumBi XiuchunJaffar AbbasZhang ShuguangTaylor & Francis Grouparticlecustomer satisfactionservicequalitybank servicesassessmentretail bankingpakistanBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 4, Iss 1 (2017)
institution DOAJ
collection DOAJ
language EN
topic customer satisfaction
service
quality
bank services
assessment
retail banking
pakistan
Business
HF5001-6182
Management. Industrial management
HD28-70
spellingShingle customer satisfaction
service
quality
bank services
assessment
retail banking
pakistan
Business
HF5001-6182
Management. Industrial management
HD28-70
Muhammad Naeem Anjum
Bi Xiuchun
Jaffar Abbas
Zhang Shuguang
Analyzing predictors of customer satisfaction and assessment of retail banking problems in Pakistan
description The current study has tried to explore the types of services provided by Pakistan. A total of 1,089 bank customers affiliated with eight major banks across four major cities were interviewed through specified questionnaire. The gender wise distribution is 87% males and 13% female of the interviewed, individuals; while account type-based distribution is 24% business account, 37% salary account, and 39% general account holders. Regression analysis showed that customer satisfaction was governed by multiple significant predictors which include bank staff behavior (β = 0.18, p < 0.001), guidance inside bank (β = 0.04, p < 0.01), variety in service products (β = 0.03, p < 0.05), access to account statements (β = 0.11, p < 0.001), availability of cash (β = 0.11, p < 0.001) in ATM, and knowledge of bank staff (β = 0.40, p < 0.001). It is concluded that the retail banking in Pakistan has enormous room to capture more customers provided that private and public sector banks should invest more in infrastructure development along with the provision of swift banking services to their customers.
format article
author Muhammad Naeem Anjum
Bi Xiuchun
Jaffar Abbas
Zhang Shuguang
author_facet Muhammad Naeem Anjum
Bi Xiuchun
Jaffar Abbas
Zhang Shuguang
author_sort Muhammad Naeem Anjum
title Analyzing predictors of customer satisfaction and assessment of retail banking problems in Pakistan
title_short Analyzing predictors of customer satisfaction and assessment of retail banking problems in Pakistan
title_full Analyzing predictors of customer satisfaction and assessment of retail banking problems in Pakistan
title_fullStr Analyzing predictors of customer satisfaction and assessment of retail banking problems in Pakistan
title_full_unstemmed Analyzing predictors of customer satisfaction and assessment of retail banking problems in Pakistan
title_sort analyzing predictors of customer satisfaction and assessment of retail banking problems in pakistan
publisher Taylor & Francis Group
publishDate 2017
url https://doaj.org/article/3dcbadde1cda496f87c28ed7158499ab
work_keys_str_mv AT muhammadnaeemanjum analyzingpredictorsofcustomersatisfactionandassessmentofretailbankingproblemsinpakistan
AT bixiuchun analyzingpredictorsofcustomersatisfactionandassessmentofretailbankingproblemsinpakistan
AT jaffarabbas analyzingpredictorsofcustomersatisfactionandassessmentofretailbankingproblemsinpakistan
AT zhangshuguang analyzingpredictorsofcustomersatisfactionandassessmentofretailbankingproblemsinpakistan
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