Printer Friendly

Indian brokerages entering into tie-ups with banks.

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

(C)2014 ENPublishing - http://www.enpublishing.co.uk

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.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2014 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Nov 21, 2014
Words:112
Previous Article:Polish central bank sees room for rate cuts.
Next Article:Russian firms could have to pay higher insurance fees.
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters