# Federal Bank and Standard Chartered Bank, India, have agreed to sign an agreement for the former to acquire a select Credit Card portfolio.

*fintech · news · 2026-04-30 · The Hindu Business Line*

## Key points

- Federal Bank will acquire 4.5 lakh credit cards from Standard Chartered Bank in India.
- The acquired portfolio is valued at 1.5 to 1.6 times implied equity by Federal Bank.
- Federal Bank's non-co-branded credit card receivables will increase by approximately 90 percent after the deal.
- About 75 percent of the acquired credit card holders are located in India's top eight cities.
- The final number of cards transferred depends on timing and customer consent at transfer.

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

[Read the full story on The Hindu Business Line](https://www.thehindubusinessline.com/money-and-banking/federal-bank-to-acquire-select-credit-card-portfolio-from-stanchart-india/article70923964.ece)

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