# The deal is expected to be finalized by the end of 2026.

*fintech · news · 2026-04-30 · The Economic Times*

## Key points

- Standard Chartered is selling a portfolio of 450,000 Indian credit cards to Federal Bank.
- The sale specifically targets customers who only have credit cards without wider banking relationships.
- Deal value will depend on customer consent and balances at the time of transfer.
- Standard Chartered previously sold its India personal loan business to Kotak Mahindra Bank in 2023.

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

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/industry/banking/finance/banking/standard-chartered-to-sell-bulk-of-indian-credit-cards-to-federal-bank/articleshow/130630027.cms)

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