fintech / news / / scanx.trade
Federal Bank has announced its Board of Directors' approval to acquire a select portfolio of retail credit cards from Standard Chartered Bank India.
Federal Bank's Board approved acquiring a select retail credit card portfolio from Standard Chartered Bank India.
KEY POINTS
- 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
Summarized by Newsio from scanx.trade. How we summarize →