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Indian brokerages entering into tie-ups with banks.

Global Banking News-November 21, 2014--Indian brokerages entering into tie-ups with banks

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Global Banking News - 21 November 2014

Indian brokerages are entering into tie-ups with banks in order to reduce costs of customer acquisitions.

According to industry officials, customer-acquisition cost through banking channels could be as low as about one-fourth of that through the broking channels.

Recently, broking firm, IIFL, announced a tie-up with Federal Bank for a similar client-sharing relationship. Kotak Securities and Geojit BNP Paribas are also in discussions with some lenders.

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Publication:Global Banking News (GBN)
Date:Nov 21, 2014
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