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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