# As of March 2026, Federal Bank has 2.24 million credit cards and Standard Chartered Bank 638,169.

*fintech · news · 2026-04-30 · Business Standard*

## Key points

- Federal Bank will acquire Standard Chartered's Indian credit card portfolio, final value tied to customer consent.
- The acquisition could raise Federal Bank's non-co-branded card receivables by approximately 90 percent.
- About 75% of the acquired card base is concentrated in India's top eight cities.
- Standard Chartered is shifting away from single-product retail offerings to focus on multi-product client relationships.
- Federal Bank added over 1 million credit cards in FY26, showing aggressive portfolio growth.

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

[Read the full story on Business Standard](https://www.business-standard.com/companies/news/federal-bank-to-acquire-450-000-stanchart-cards-boost-retail-presence-126043001193_1.html)

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