Abstract
The banking sector of Pakistan is growing with every passing year and the quality plays a major role in the developed banking sector. To retain loyal customers quality service is vital. Though, quality and customer service are major driving forces in the business community. Moreover, the product's quality is its capability which satisfies customers' expectations and needs. SERVQUAL scale questionnaire is used as research instrument which was developed by Parasuraman et al. (1988) which quantify the expected quality of banking services of selected samples of banks including domestic and foreign banks in Pakistan. The basic aim of this paper is to investigate the service quality and its relationship among domestic and foreign banks operating in Pakistan. A total of 300 respondents (account holders) were surveyed out of which, 50 account holders for each of the 6 banks including domestic and foreign Banks were surveyed. The sample selected is nonrandom convenient sampling method. This study is descriptive as well as comparative. The results, therefore, suggest that Bank Al-Falah has favorable gap scores in terms of Tangibility, Reliability, and Responsibility. Whereas Soneri Bank earned average Gap Scores in Assurance and Empathy. Also, national bank performed as less service quality measure and holding gap scores greater than all the other banks. Hence, therefore, this research indicates that all independent variables tangibility, empathy, reliability, assurance, responsibility, and empathy have significant relationship dependent variables consumer perceive quality. This study offers practical help to researchers and practitioners in providing a direction for service quality improvement by indicating the common theme that develops the service quality model.
Highlights
Today, it is widely accredited that quality service is a multi-dimensional thought
The main purpose of this study is to find the association between customer satisfaction, loyalty and service quality in one frame in the commercial banking sector of Pakistan
The population is the customers of six banks including domestic banks such as National Bank of Pakistan (NBP), Muslim Commercial Bank (MCB), Soneri Bank Limited (SBL) and foreign banks are Standard Chartered Bank (SCB), Bank Al-Falah Limited (BAL) and Dubai Islamic Bank limited (DIBL)
Summary
In Pakistan, the banking sector is growing every year and the quality play major by offering quality services which keep customer loyalty up. The main purpose of this study is to find the association between customer satisfaction, loyalty and service quality in one frame in the commercial banking sector of Pakistan. This study measures service quality and identifies service quality gaps in Pakistan banking industry using gap model. The sample size of the study is domestic versus foreign banks operating in Pakistan banking sector. The population is the customers of six banks including domestic banks such as National Bank of Pakistan (NBP), Muslim Commercial Bank (MCB), Soneri Bank Limited (SBL) and foreign banks are Standard Chartered Bank (SCB), Bank Al-Falah Limited (BAL) and Dubai Islamic Bank limited (DIBL). The study used an instrument to measure the service quality named as SERVQUAL model and established by Parasuraman et al, (1985), after carrying out the study on 04 service settings
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