fintech / news / / Business Today
The deal is expected to close in the current 2026 calendar year.
Standard Chartered is selling up to 4.5 lakh credit cards to Federal Bank in 2026.
KEY POINTS
- 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
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