← all case studies
regional bank · lead-gen · 2023

Punching above your branch network, politely.

Greater Bank case study banner
Greater Bank logo

Lead-generation for an ambitious local Mumbai bank with a fraction of HDFC's budget and twice the conviction.

the client

Greater Bombay Co-operative Bank, based in Mumbai, is a prominent cooperative banking institution that has been serving the local community for decades. Established to foster financial growth and inclusion, the bank primarily caters to small businesses, blue-collar workers, and individual customers in the region, offering savings accounts, fixed deposits, personal and business loans, and microfinance options across a network of branches in Mumbai and surrounding areas.

the challenge
  • Red ocean loans market: scheduled banks offer loan products with minimal differentiation, largely due to RBI regulation.
  • Restricted geography: Greater Bank operated only in Mumbai suburban areas, limiting the overall target base.
  • Low budget: as a small, geographically restricted bank, marketing spends were tightly controlled.
campaign management
  • Develop compelling ad creatives that communicate the bank's key messages, emphasizing trust, security, and financial benefits, using visuals, videos, and strong calls-to-action.
  • Implement targeted funnel management strategies to enhance brand visibility and drive conversions.
  • Conduct split tests for creatives, audiences, and placements to identify the most effective combinations.
  • Track and analyze performance to refine targeting and messaging for maximum ROI.
five-pronged approach

Creative development.

Campaign creatives were built in Hindi and Marathi, with a focused message on specific loan products.

Segmented approach.

Different campaigns were set up to target the varying loan products.

Geo-based targeting.

Campaign reach was sent to a focused audience based on pin code.

Women as primary TG.

Working data of Mumbai showed 46% of the workforce were women, so we made them our primary target group.

Budgeting strategy.

Innovative budgeting strategies were employed to maximize reach, minimize CPC, and optimize productive leads.

Keep reading

Two more stories.