# Federal Bank is set to acquire a significant credit card portfolio of approximately 4.5 lakh cards from Standard Chartered Bank, India.

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

## Key points

- Federal Bank will acquire about 4.5 lakh credit cards from Standard Chartered Bank, India.
- This transaction increases Federal Bank's non-co-branded credit cards receivables by around 90%.
- Seventy-five percent of the acquired portfolio is concentrated in India's top eight cities.
- The deal values the portfolio at 1.5 to 1.6 times implied equity and closes by end-2026.
- The acquisition does not require regulatory approvals, expediting Federal Bank's Tier-1 city expansion.

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

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/industry/banking/finance/banking/federal-bank-to-acquire-stanc-india-credit-card-portfolio/articleshow/130627249.cms)

---

Canonical: https://newsio.io/n/a994afc4-a23e-47f7-b19e-c72b4f89e263/federal-bank-is-set-to-acquire-a-significant-credit-card-portfolio-of-approximat
Summarized by Newsio from The Economic Times. https://newsio.io/how-it-works