Urbanisation occurs with the growth of towns and cities to house the workers in the factories and others moving there. The profits earned add to the amount of trade and so the rise in demand for services such as retail; as people wanted to spend the profits, banking to cater for people wanting to save or borrow money as well as many other services...
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These higher incomes are likely to be spent on goods and services. Income elasticity of demand for products and services becomes important, this being how quantity demanded of a good or service changes with changes in income. Both luxury items and services are highly income elastic, so as income rises the demand for these will also rise considerably...
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Service Marketing In Banking Sector. Increase in liberalization of interest rates has intensified the competition. Bank’s wish for increasing profit: Banks have to increase their profits to create new markets, to protect and develop their market shares and to survive on the basis of intense competition and demographic chance levels...	7 / 1814
hybrid marketing channels in service sector In the middle cells came telephone banking, and the bottom right cell is the place for a newly emerged way of transaction-internet banking, where investors can easily seek for consultation from their stockbroker a distance away...	2 / 331
Porter'S Five Basic Forces Of Competition - Analysis Of The Banking Industry ATM's the bank that first adopts and promotes the product usually obtains a lion's share of the market, but this is usually very short term as market competitor's very quickly catch up...	2 / 320
Mr As far as the present scenario is concerned the banking industry is in a transition phase. The Public Sector Banks (PSBs), which are the foundation of the Indian Banking system account for more than 78 per cent of total banking industry assets...	1 / 217