# Federal Bank CEO K V S Manian says the bank remains keen on building its wealth franchise.

*fintech · news · 2026-04-30 · News18*

## Key points

- Federal Bank will acquire a select portfolio of retail credit cards from Standard Chartered Bank India.
- Federal Bank has formally stepped away from acquisition talks with Deutsche Bank's India retail and wealth business.
- Standard Chartered is shifting from standalone credit cards to bundled, multiproduct relationships in India.
- Federal Bank reported record quarterly profit of Rs 1,259 crore for Q4FY26, up 22.23% year-on-year.
- Federal Bank has launched the 'FedNext' wealth platform and aims to expand via GIFT City.

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

[Read the full story on News18](https://www.news18.com/business/banking-finance/federal-bank-to-buy-standard-chartereds-credit-card-portfolio-steps-back-from-deutsche-bank-deal-ws-l-10065704.html)

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