Marketing of Financial Service

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

To acquaint students with the service marketing concept focusing on marketing of financial services.

9.00

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: 
Bank Marketing-

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: 
Insurance Marketing

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

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: 
Customer Feedback

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: 

• Marketing of Financial services- Dr.DhananjayBapat,biztantra,Delhi
• Bank Marketing- S.M. Jha, Himalya Publishing House, New Delhi
• Service Marketing,-S.M.Jha, Himalya Publishing House, New delhi
• Marketing of Banking services, CAIIB , Macmillan

Academic Year: