# Private sector lender Federal Bank has agreed to acquire a select credit card portfolio from Standard Chartered Bank in India.

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

## Key points

- Federal Bank will acquire up to 4.5 lakh Standard Chartered credit cards in India.
- This acquisition is expected to nearly double Federal Bank's non-co-branded card receivables.
- The credit card portfolio is valued at 1.5-1.6 times implied equity, pending final balances.
- No regulatory approvals are required, and the deal is targeted for completion by 2026.

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

[Read the full story on Outlook Business](https://www.outlookbusiness.com/corporate/federal-bank-to-acquire-select-standard-chartered-india-credit-card-portfolio)

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