fintech / news / / Business Standard
As of March 2026, Federal Bank has 2.24 million credit cards and Standard Chartered Bank 638,169.
Federal Bank will acquire Standard Chartered's Indian credit card portfolio, final value tied to customer consent.
KEY POINTS
- 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
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