# Federal Bank is acquiring Standard Chartered's credit card portfolio.

*fintech · news · 2026-05-05 · The Economic Times*

## Key points

- Federal Bank will acquire Standard Chartered's credit card portfolio, mainly concentrated in India's top eight cities.
- 95% of incoming Standard Chartered cardholders have credit scores above 700, ensuring low-risk additions.
- 25-30% of the acquired customers are aged 25-35, supporting future cross-selling opportunities.
- Customer attrition and Federal Bank's limited non-southern presence are significant post-acquisition challenges.
- Over 60% of these customers have maintained their Standard Chartered relationship for more than three years.

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

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/federal-bank-eyes-long-term-value-creation-from-scb-card-portfolio-acquisition/articleshow/130813556.cms)

---

Canonical: https://newsio.io/n/45af85ef-e3e7-455c-a661-fb0f11816c74/federal-bank-is-acquiring-standard-chartereds-credit-card-portfolio-the-deal-pre
Summarized by Newsio from The Economic Times. https://newsio.io/how-it-works