# The deal is expected to close in the current 2026 calendar year.

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

## Key points

- Standard Chartered is selling up to 4.5 lakh credit cards to Federal Bank in 2026.
- The transaction is valued at 1.5 to 1.6 times implied equity based on actual balances.
- Standard Chartered is divesting customers without broader banking relationships to focus on affluent clients.
- Federal Bank's non-co-branded credit card receivables are expected to rise by around 90 percent.
- About 75 percent of acquired credit card accounts are from India’s top eight cities.

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

[Read the full story on Business Today](https://www.businesstoday.in/latest/corporate/story/why-stanchart-is-selling-part-of-its-credit-cards-portfolio-how-federal-bank-benefits-from-the-deal-528358-2026-04-30)

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