# Federal Bank approves acquisition of select Standard Chartered Bank India retail credit cards.

*fintech · news · 2026-04-30 · CNBC TV18*

## Key points

- Federal Bank will acquire selected retail credit card portfolios from Standard Chartered Bank India.
- Details of the portfolio acquisition will be disclosed after the deed of assignment is executed.
- Federal Bank's Q4 FY26 profit included a one-time gain from an Income Tax refund.
- The entire one-time gain was allocated as a floating provision for RBI's ECL framework effective April 2027.
- Federal Bank is prioritizing growth in retail and higher-yield credit segments over home loans.

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

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/federal-bank-to-buy-retail-credit-card-portfolio-from-standard-chartered-ws-l-19896636.htm)

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