01-May-2026
Banking
 
Federal Bank to acquire majority of Standard Chartered’s credit card portfolio
01-May-2026

In a move to expand its retail footprint in tier-1 cities, Federal Bank will acquire a majority of Standard Chartered Bank India’s credit card portfolio. The proposed transaction is expected to close in calendar year 2026. Federal Bank will acquire around 450,000 cards—about 70% of Standard Chartered India’s total base of 640,000 credit cards. The lender currently has around 800,000 non-co-branded cards and 1.3 million co-branded cards.

News Source:- https://www.financialexpress.com/business/banking-finance/federal-bank-to-acquire-majority-of-standard-chartereds-credit-card-portfolio/4223423/
 
 
 

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