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The Indian Banking System has gone through lot of changes in its structure and functioning since the liberalization of the economy in 1991. With increasing number of foreign multinational corporations entering the market-place, the competition in the market has increased greatly and a lot of customer-centric strategies are being developed for sustainable competitive advantage. The increased use of information technology has accelerated the competition. Thus, increased competition, highly educated consumers are forcing banking industries to review customer service strategies. Numerous studies have identified the significance of service quality in achieving customer satisfaction and creating customer loyalty in banking sector (Berry et al., 1989; Cronin et al., 2000; Kang & James, 2004). Service quality plays a major role in order to retain existing customers and acquire new ones, reduce costs, enhance corporate image, generate positive word-of-mouth recommendation, and improve profitability (Berry et al., 1989; Cronin et al., 2000; Kang & James, 2004; Reichheld & Sasser, 1990; Rust & Zahorik, 1993; Yoon & Suh, 2004). Improved service quality in banks can also gain a competitive edge in terms of higher revenue, customer loyalty and customer retention (Kumar et al., 2010). In today’s world, globalization, privatization and liberalization have contributed for increased use of information technology in banking industry. In this era of information technology, customers are also concerned about service quality in relation to information technology provided by the banks (Agrawal, 2014). This is because every bank is offering online banking transaction. Customers’ have shifted their focus to selection of bank based on high quality service of information technology provided by bank. Thus, banks have recognized the fact that providing high service quality of information technology can gain and attain customers (Hongxiu, 2009) apart from catering to the issue of data security and utmost protection and it can be achieved by using the latest Information and Communications Technology (ICT) (Ruivo, Santos, & Oliveira, 2019). The usage of ICT facilitates the management of projects and learning opportunities for mutual learning (Georgiadou et al., 2017). High service quality of information technology becomes a critical factor for the success of a business based on e-transactions (Zeithaml et al., 2002). Apart from the other competencies and strengths unrelated to information technology, this also motivates and stimulates a sense of development to reach the top level (Colomo et al., 2010). The technology coupled with human and social factors affects the performance and development of the team members (Fernández-Sanz & Misra, 2011) and it requires a high intensity of coordination and cooperation between the various stakeholders to make it possible (Misra et al., 2012).