Banks
have been designing products and selling them ever
since they have been established. But, there is a
sea change in the current situation. There is a drastic
change in customer preferences. However, the existing
products still do satisfy a segment of the market
that has been accustomed to these products. Gobichettipalayam
taluka consists of three blocks - Gobichettipalayam,
Nambiyur and T N Palayam. There are 20 nationalized
banks, 10 private sector banks and seven co-operative
banks functioning in the taluka. Among the 20 nationalized
banks, Canara Bank has seven branches viz., Gobichettipalayam
(Gobichettipalayam block), Kolappalur, Gettiseviyur,
Malayappalayam (Nambiyur block), Kasipalayam, Bangalowpudur
and Kallippatti (T N Palayam block).
Accordingly,
Gobichettipalayam branch from Gobichettipalayam Block,
Kolappalur branch from Nambiyur Block and Kasipalayam
branch from T N Palayam Block are selected for the
study. A well-structured questionnaires both in English
and Tamil is prepared and distributed to 1,000 bank
customers of the three selected branches in the ratio
of 4:3:3. Managers of the bank helped in distributing
the questionnaires to the bank customers and within
one month from the issue of questionnaire, more than
75% of them are collected. |