Marketing of Financial Service

Paper Code: 
FSG 517
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquaint students with the process of Services Marketing.

9.00
Unit I: 

Financial Service Marketing- Concept, Characteristics of services, Difference between goods and services, Overview of Service Marketing mix (7P’s), Challenges faced in marketing of financial services.

9.00
Unit II: 

Marketing environment in Financial Services :Internal and External

Marketing  Strategy for  Financial institutions: Introduction, Components, Types of Strategies Adopted by Financial Institutions

9.00
Unit III: 

Bank Marketing- Concept, Importance, Market segmentation for banks, Types of Marketing Strategy for banks, Marketing Mix-Product Mix, Promotion mix, Price Mix, People and Place Mix,Bank marketing in Rural Areas, Challenges
MIS for Banks: Concept, Importance

9.00
Unit IV: 

Insurance Marketing- Concept, Importance, Marketing mix for Insurance, Market Segmentation of Insurance, Bancassurance , E-insurance

Mutual Fund Marketing: Types of Mutual funds, market segments for mutual funds, mutual funds marketing  in Indian perspective

9.00
Unit V: 

CRM (Customer Relationship Management) - Concept, components, Process of CRM,Significance, Customer relationship chain, Methods of relationship building.

Customer Retention- Concept and Advantages, Customer Delight, Customer Satisfaction,

Essential Readings: 

• S.M.Jha,Service Marketing, Himalaya Publishing House
• Payne Adrian, “The Essence of Service Marketing”, Prentice Hall of India”,New Delhi
• Balaji B, “Service Marketing and Management”, S.Chand, New Delhi
• Ram Mohan Rao, Services Marketing (Pearson Education)
• Roland. T.Rust Anthony J. Zahorik and Timothy I. Keilninghan, Services

References: 

Marketing.
• John M. Rathmoll: Marketing in the service sector (Winthrop)
• Adrienne Payne : The Essence of services Marketing (Prentice Hall of India)
. K. Dauglas Hoffiman and John E.G. Bateson : Essentials of services Marketing (Harcourt college

Academic Year: