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The IUP Journal of Brand Management
Focus

Does the Country Of Origin (COO) of the bank providing credit card service has
an impact on customers’ decision to avail the same? Evidently, yes. The same is
true of customer involvement too. Further, COO of the bank and customer involvement also together impact upon customers’ choice of bank for availing credit card service. These are the findings of the paper, “Impact of Country of Origin and Customer Involvement on Brand Preference – Discriminant Modeling in Indian Credit Card Business”, by Tapan K Panda.

In the next paper, “A Study on Selection of Most Preferred Brands”, by Gaurav Gupta and Vikas Singla, Maruti, Colgate, Coke, Dettol, Nike, Samsung and Airtel are the most preferred brands in their respective categories, i.e., motor cars, oral care, soft drinks, hand wash, sportswear, mobile phones and mobile communication service. This is the conclusion that the authors have drawn based on a study conducted among consumers in the Delhi NCR region, which used the run test to identify the most preferred brand among two shortlisted brands in each product category.

The precariat are those who are financially in a precarious position, as they do not have permanent jobs or an assured and steady income; and this class of people is steadily increasing in numbers. The paper, “Luxury and the Precariat: An Unusual Pairing?”, by Rachel Sussman-Wander Kaplan, explores how corporations customize luxury so as to make them accessible to the precariat. It also explains how luxury is marketed to the precariat so as to provide them the experience of luxury, which they would otherwise not be able to afford.

Anything can be branded; and this holds true for politicians and political parties as well. The paper, “Political Branding: The New-Age Mantra for Political Leaders and Parties”, by Amit Kumar, Somesh Dhamija and Arun Dhamija, explores how political branding has gained prominence in the recent past, thanks to the advent of modern technology. Social media have also made political brands subject to closer scrutiny and to be more accountable for their omissions and commissions.

The various dimensions of brand equity, i.e., perceived quality, brand loyalty, brand association and brand trust are predictors of purchase intention. This is established in the context of purchase of home appliances in the paper, “Impact of Brand Equity on Purchase Intention of Home Appliances”, by S Lakshmi and V Kavida.

-R Harish
Consulting Editor

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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Brand Management