# Federal Bank has inked a deal to acquire a select credit card portfolio from Standard Chartered Bank, India.

*fintech · news · 2026-04-30 · NDTV Profit*

## Key points

- Federal Bank will acquire up to 4.5 lakh credit cards from Standard Chartered India.
- Federal Bank's non-co-branded credit card receivables are projected to increase by about 90%.
- The transaction values Standard Chartered's portfolio at 1.5 to 1.6 times implied equity.
- Federal Bank's credit card presence in India's top eight cities will more than double after acquisition.
- Standard Chartered is divesting to focus on wealth and affluent segments, leaving single-product relationships.

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

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/business/federal-bank-inks-deal-to-acquire-select-credit-card-portfolio-from-standard-chartered-bank-11430851)

---

Canonical: https://newsio.io/n/d2bc14b2-a511-4331-a137-5991cc6cfde5/federal-bank-has-inked-a-deal-to-acquire-a-select-credit-card-portfolio-from-sta
Summarized by Newsio from NDTV Profit. https://newsio.io/how-it-works