# Federal Bank has announced its Board of Directors' approval to acquire a select portfolio of retail credit cards from Standard Chartered Bank India.

*fintech · news · 2026-04-30 · scanx.trade*

## Key points

- Federal Bank's Board approved acquiring a select retail credit card portfolio from Standard Chartered Bank India.
- The acquisition will occur via a deed of assignment, with regular progress updates promised.
- Federal Bank achieved CASA and NR deposits exceeding ₹1 lakh crore each simultaneously for the first time.
- Q4FY26 net profit surged 20.93% quarter-on-quarter, with fee income rising 10.54% in the same period.
- Gross NPA improved to 1.62% and Net NPA to 0.20% as of March 31, 2026.

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

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/companies/federal-bank-board-approves-acquisition-of-standard-chartered-s-retail-credit-card-portfolio/39078685)

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