SAARJ Journal on Banking & Insurance Research

  • Year: 2017
  • Volume: 6
  • Issue: 4

Impact of demographic variables towards selection of public and private sector banks:-: A contrast between urban and rural region

1Ph.d Scholar, I.K.G P.T.U., Email id: linktodeepti@gmail.com

2Hod, Chandigarh Business School

Abstract

The present study throws a comparison between rural and urban consumer with respect to demographic variables influencing their selection behaviour towards private and public sector banks. The study is conducted keeping in mind that the historic researches and observation though details about service quality and satisfaction aspects but lesser is found about the consumer behavioral aspect in the concerned matter and region. Following from these observations, the researchers used a sample of 500 respondents conveniently drawn from the private and public commercial banks operating in the study area to examine the impact of demographic variables, namely gender, income, age, occupation, education level, and income level on the selection of bank. Results show that the influence of age, education level, occupation and income level has a significant impact only on certain variables considered for the study.

Keywords

Demographics, Chandigarh, Selection of bank, Public and Private Sector Banks