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Federal Bank CEO K V S Manian says the bank remains keen on building its wealth franchise.
Federal Bank will acquire a select portfolio of retail credit cards from Standard Chartered Bank India.
KEY POINTS
- 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
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