# Federal Bank has decided against pursuing the acquisition of Deutsche Bank's retail and wealth management business in India.

*fintech · news · 2026-04-30 · Outlook Business*

## Key points

- Federal Bank has dropped out of the race to acquire Deutsche Bank's India retail and wealth business.
- Kotak Mahindra Bank is now the only contender left for Deutsche Bank's ₹4,500 crore India portfolio.
- Federal Bank will acquire a select portfolio of Standard Chartered Bank's retail credit cards in India.
- Standard Chartered is shifting away from standalone cards to focus on bundled, multi-product relationships in India.
- Federal Bank and Kotak Mahindra Bank had both reviewed offers for Standard Chartered's standalone credit card portfolio.

**Companies:** Deutsche Bank, Standard Chartered Bank, Kotak Mahindra Bank, Federal Bank
**Countries:** India, Germany, United Kingdom

[Read the full story on Outlook Business](https://www.outlookbusiness.com/corporate/federal-bank-skips-deutsche-bank-deal-picks-up-stancharts-credit-card-portfolio-instead)

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