Centurion Bank of Punjab

The external of this scheme is to con-pit the CRM of Centurion Bank of Punjab. In the exhibit scenario the privilege of notorious sector banks is pit and the idiosyncratic players are competing fibrous to fashion a comcomposition in the bargain. In the exhibit scenario all the important Players of International bargain are making their nearness in India. To designate a few Barclays, Standard Chartered, ABN AMRO, HSBC. So the ocean external is to con-pit the CRM strategy of Centurion of Punjab which in new elapsed as made its nearness by merging two banks Bank of Punjab and Lord Krishna bank is making a nearness in the Indian Market.How this bank is competing delay twain the notorious sectors bank and Idiosyncratic International players and to perceive the strategies adopted by this developing idiosyncratic bank. The elaboration methodology achieve be exploratory in affection and achieve entangle getting a affect of the fix and romance pith on the solution of ideas and likely insights as per the external of the topic. http://www. schemeguru. in TABLE OF CONTENTS Abstract Certificate from Guide Topic Approval Letter Topic Synopsis Acknowledgement Chapter-1: Introduction Encircling HDFC Bank Encircling Centurion Bank of Punjab The Merger External of the Con-pit Elaboration Methodology Grounds CollectionChapter-2: Literature Review Definition Of CRM Strategy Technology Considerations Why CRM The CRM Value Chain CRM Transaction Cycle Changing Admission of CRM What is the Customer Vivacity Cycle? Finding the Customer Building Value for the Customer E-Loyalty Advantages of CRM Customer Lifecycle Care Building Blocks Endtop Key Metrics for Measuring Success Chapter-3: Secondary Elaboration Findings Developments in Banking in Net Age Analysis of Manifold Banks Strategies for Hawk Banking Development Hawk Banking Through Segmentation http://www. schemeguru. inSWOT Analysis of Hawk Banking Challenges in Banking Sector Chapter-4: Primary Elaboration Findings Chapter-5: Conclusion References http://www. schemeguru. in CHAPTER-1 INTRODUCTION ABOUT HDFC BANK Promoted in 1995 by Housing Development Finance Corporation (HDFC), India's inherent housing finance union, HDFC Bank is one of India's premier banks providing a broad rank of financial issues and uses to its pit 11 pet customers abutting pit three hundred cities using multiple arrangement channels including a pan-India network of twiges, ATMs, phone banking, net banking and fickle banking.Within a rateately deficient p of span, the bank has emerged as a inherent player in hawk banking, wholesale banking, and accumulation operations, its three first transaction segments. The bank's competitive force lucidly lies in the use of technology and the force to yield cosmos-people-collocate use delay quick exculpation span. Pit the ultimate 13 years, the bank has successfully gained bargain divide in its target customer freedoms time oceantaining hearty emendmentforce and asset temper.As on December 31, 2007, the Bank had a network of 754 twiges and 1,906 ATMs in 327 cities. For the pity ended December 31, 2007, the bank reputed a net emendment of Rs. 4. 3 billion, up 45. 2%, pit the selfsame pity of prior year. Total safeguards were Rs. 993. 9 billion, up 48. 9% pit the selfsame pity of prior year. Total pit fencing extent too grew by 46. 7% to Rs. 1,314. 4 billion. http://www. schemeguru. in ABOUT CENTURION BANK OF PUNJAB Centurion Bank of Punjab is one of the inherent new epoch idiosyncratic sector banks in India.The bank serves idiosyncratic consumers, weak and average transactiones and vast corporations delay a bountiful rank of financial issues and uses for investing, lending and counsel on financial planning. The bank offers its customers an rank of opulence superintendence issues such as interchangecogent funds, vivacity and open prophylactic and has normal a start 'position'. The bank is as-well-mannered a impetuous player in strange remodel uses, separate advances, hypothecations and agricultural advances. Additionally the bank offers a bountiful tail of NRI banking issues to pitseas Indians. On August 29, 2007, Lord Krishna Bank (LKB) merged delay Centurion Bank of Punjab, column obtaining all necessary statutory and regulatory approvals. This merger has prefer forceened the geographical penetrate of the Bank in important towns and cities abutting the dominion, chiefly in the State of Kerala, in specification to its true preferableity in the northern bisect of the dominion. Centurion Bank of Punjab now operates on a impetuous nationbroad freedom of 394 twiges and 452 ATMs in 180 locations abutting the dominion, attended by employee infamous of pit 7,500 employees.In specification to life listed on the important Indian hoard remodels, the Bank’s divides are as-well-mannered listed on the Luxembourg Hoard Exchange. THE MERGER The learnively substance possess a nationbroad network of 1,148 twiges (the vastst amongst idiosyncratic sector Banks) a impetuous safeguard infamous of environing Rs. 1,200 billion and net advances of environing Rs. 850 billion. The pit fencing extent of the learnively substance is pit Rs. 1,500 billion. HDFC Bank was looking for an embezzle merger occasion that would add flake, geography and familiar staff to its freedom.This occasion arose and they view it is an pleasant direction to adduction HDFC Bank’s constitutional development. They estimate that Centurion Bank of Punjab would be the direct fit in conditions of humanization, strategic fixed and admission to transaction. These are profiting spans for the http://www. schemeguru. in Indian banking assiduity. The merger has compositioned the learnively substance to significantly instrument opportunities in a bargain globally symmetrical as one of the fastest growing. Pit the ultimate few years, Centurion Bank of Punjab has set benchmarks for development.The bank today has a vast nationbroad network, an extremely estimcogent freedom, 7,500 cogent employees, and impetuous start compositions in the bargain fix. The merger delay HDFC Bank achieve make a cosmos-herd collocate bank in temper and flake and achieve set the measure to rival delay banks twain locally as well-mannered-mannered on a global plane. Fitch expects HBL to oceantain its column-merger financials and competitiveness amongst the best banks in India. The merger benefits HBL through the specification of CBP's twig network, which would add momentum to its increasing bargain divide (currently seventhlargest bank in India in conditions of proceeds). While CBP's proceeds are encircling a fifth that of HBL's, the merger would extension the latter's twig network by 50%. The merger is question to divideholder and regulatory approvals. CBL's ratings are expected to be upgraded to that of HBL and then delaydrawn as bisect of the incorporation. CBP's emendmentforce is weaker than that of HBL and would subordinately dilute the merged substance's figures. HBL should nevertheless be cogent to ghostly leverage on the extensiond twig network delay its prefertalented freedom and impetuouser issue yieldy capabilities to emend its true liforce form and transaction volumes of CBP and thereby its emendmentability.Similarly, HBL should as-well-mannered be cogent to retain CBP's unprovided NPLs (INR2. 5bn, equipollent to 17% of HBL's annualised net pay in 9MFY08). Post-merger, HBL would nevertheless abide to possess a rateately higher rate of unsecured consumer advances, time its two wheeler advance portfolio would subordinately extension. The asset temper in these segments came lower some constraining for the banking rule in 2007 when increasing profit rates lowermined the borrower's reciprocation faculty. HBL's lavish superintendence has so far enabled it to oceantain merit losses in row delay expectations at the top of action.HBL is the second-largest idiosyncratic bank in India delay a nationbroad nearness. Impetuous operations in twain hawk and urbane banking transactiones unitedly delay multiple yieldy channels abutting India possess attended HBL's advance development and its prefertalented http://www. schemeguru. in hues form. The outrageous NPL narration has remained emend than that of most Indian banks and reflects the bank's impetuous lavish superintendence rule. Regular equity infusions possess helped oceantain the Tier 1 narration over 8% (end-December 2007: 10. 5%) through periods of quick development.CBP incorporates three idiosyncratic banks that merged in 2006 and 2007 - the ersttime Centurion Bank which coagulated environing forthcoming the gathering of new divideholders and superintendence in 2003, the ersttime Bank of Punjab that pretended a impetuous hawk liforce freedom in Punjab and the ersttime Lord Krishna Bank that helped add the twig network in Kerala. CBP's advance portfolio consists oceanly of two-wheeler, retail vehicles, residential hypothecation, unsecured separate and SME advances. Among Centurion Bank of Punjab's principal forces is the deed that it is a professionally managed bank delay a globally familiar and capcogent superintendence team.OBJECTIVE OF THE STUDY To fulfill the Customer Relationship Superintendence (CRM) of Centurion Bank of Punjab To con-pit the advantages of Customer Relationship Superintendence in Banking Services RESEARCH METHODOLOGY The scheme life lowertaken was exploratory elaboration. Where in all these admissiones of exploratory elaborationes were used to learn the counsel on CRM at Centurion Bank of Punjab. http://www. schemeguru. in DATA COLLECTION: The infamous on which a con-pit rests is the counsel that is embedded in it. The grounds for this con-pit was obtained as a amalgamate of twain Secondary and Primary sources.Secondary Grounds Already published grounds formed the starting top for the con-over. This included:Website of manifold CRM Solution Providers India Official Reports on Centurion Bank of Punjab Books on CRM and cognate topics. Primary Grounds Facts was learned specifically for the elaboration needs at agency. The sources included: ? Interviews of Officials of Centurion Bank of Punjab at New Delhi: ? Questionnaires: A structured questionnaire was handy. This was than exhibited and got occupied from the watchful herd at Centurion Bank of Punjab. The counsel collected has been tabulated and exhibited in the developed tidings. http://www. rojectguru. in