Marketing of Financial Services

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

The objective of this course is to acquaint students with the service marketing concept focusing on marketing of financial services.

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

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 and Mutual Funds

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: 

• 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: