Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
- Posted on April 30, 2026
- By Business News Today
- 0 Views
- 1 min read
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 cards. The acquisition will boost Federal Bank's existing credit card base. It will also strengthen its presence in major Indian cities. The transaction is expected to conclude by the end of 2026.
