ICICI 7P's

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    Presented byBabu Reddy.ASommanna.A

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    Services marketing are that elusive conceptwhich stays incomplete without a thoroughunderstanding of 7 Ps.

    These form the critical success factors for anyservice as evaluated by a possible customer.

    The following form the marketing mix forservices marketing, the first 4 Ps being the

    core and the next 3 Ps being the extendedmarketing mix.

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    1. DEPOSITS

    Savings Account

    Senior Citizen Services

    Young Stars

    Fixed Deposits

    2. INVESTMENTS

    ICICI Bank Tax Saving Bonds

    Government of India Bonds

    Investment in Mutual Funds Initial Public Offers by Corporate

    Investment in Pure Gold

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    3. ANYWHERE BANKING

    ICICI Bank is the second largest bank in the country.

    This includes more than 500 branches and extension

    counters, over 1800 ATMs, Call Centre and InternetBanking.

    4. LOAN

    Home Loans

    Personal Loans

    5. CARDS

    a) Credit Card

    b) Debit cum ATM Card

    c) Travel Card

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    6. DEMAT SERVICES

    Digitally signed transaction statement by e-mail.

    Corporate benefit tracking.

    e-Instruction facility facility to transfer securities 24hours a day, 7 days a week through Internet InteractiveVoice Response (IVR) at a lower cost.

    7. MOBILE BANKING

    ICICI Bank offers Mobile Banking facility to all its Bank,Credit Card and Demit customers.

    8. NRI SERVICES

    ONLINE MONEY TRANSFER

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    B.PRICING MIX

    The pricing decisions or the decisions related to interest

    and fee or commission charged by banks are foundinstrumental in motivating or influencing the target market.

    The RBI and the IBA are concerned with regulations.

    The banking organizations are required to frame two- foldstrategies.

    First, the strategy is concerned with interest and feecharged and the second strategy is related to the interestpaid.

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    C.PLACE

    The 2 important decision making areas are: making

    available the promised services to the ultimate users andselecting a suitable place for bank branches.

    The number of branches OF ICICI: 1900 in India

    LOCATION OF BRANCH:

    10-14-577,R.VTowers,

    Near Central Park,

    Tilak Road,

    Tirupati-517501,

    Andhra Pradesh,India.

    Phone: 0877-2259518.

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    LOCATION OF ATMS

    RamBagicha-2, Temple Premises, Tirumala, TIRUPATINear: Lord Venkateswara Main Temple.

    ICICI Bank Atm, V V Mahal Rd, Nr Yamaha Showroom, Tirupati

    Netaji road

    Balaji colony

    D.PROMOTION MIX

    Advertising Television, Radio, Movies. Print media Hoardings, Newspaper,

    Magazines.

    Publicity Road Shows, Campus Visits,

    Sandwich Man, Sponsorship.

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    E.PEOPLE

    Knowledge Workers.

    Employees.

    Management. Other Consumers often add significant value to the

    total product or service offering.

    F.PROCESS

    Flow of activities: All the major activities of ICICI banksfollow RBI guidelines. There has to be adherence to certainrules and principles in the banking operations. The activitieshave been segregated into various departments accordingly.

    Standardization

    Customization

    Customer involvement

    Simplicity

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    G.PHYSICAL EVIDENCE

    Internet/web pages

    Paperwork

    Brochures Furnishings

    Business cards

    The building itself

    FINANCIAL AND OTHER INDICATORS

    Signage

    Financial reports

    Tangibles

    Punch lines

    Employee dress code

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    These says the importance of marketing mixin service sector , lacking of any elementmakes the service failure .

    The ICICI bank is on the way of success as ithave all the 7ps running together in one line.

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    http://managementfunda.com/7ps-of-marketing

    mix-of-icici-bank.

    http://www.youtube.com/watch?v=arr9jZJCY0kICICI bank vouchers.

    http://allmbastuff.blogspot.com/2009/11/7-ps-

    of-service-industrybanking.html