# Federal Bank will acquire around 450,000 cards—about 70% of Standard Chartered India’s total base of 640,000 credit cards.

*fintech · news · 2026-04-30 · The Financial Express*

## Key points

- Federal Bank will acquire 450,000 Standard Chartered India credit cards, about 70% of its card base.
- The acquisition will boost Federal Bank’s non-co-branded credit card receivables by nearly 90%.
- The acquired portfolio is valued at 1.5–1.6 times implied equity, with price linked to actual balances.
- About 75% of acquired cards are from India’s top eight cities, doubling Federal Bank’s metro presence.
- Standard Chartered is refocusing on wealth and affluent segments, moving away from single-product credit card clients.

**Companies:** Federal Bank, Standard Chartered Bank
**Countries:** India

[Read the full story on The Financial Express](https://www.financialexpress.com/business/banking-finance/federal-bank-to-acquire-majority-of-standard-chartereds-credit-card-portfolio/4223423/)

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