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Federal Bank eyes long-term value creation from SCB Card portfolio acquisition

Posted on May 5, 2026
By Business News Today
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1 min read

Federal Bank eyes long-term value creation from SCB Card portfolio acquisition

Federal Bank is acquiring Standard Chartered's credit card portfolio, gaining a high-quality, younger customer base with strong credit scores. The deal presents significant cross-selling opportunities for Federal Bank to expand its product offerings. However, customer attrition and geographic reach are potential challenges that the bank aims to mitigate.