fintech / news / / The Economic Times
The deal is expected to be finalized by the end of 2026.
Standard Chartered is selling a portfolio of 450,000 Indian credit cards to Federal Bank.
KEY POINTS
- 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
Summarized by Newsio from The Economic Times. How we summarize →