# Federal Bank said its board, at a meeting held on April 30, cleared the proposal to enter into a deed of assignment with Standard Chartered Bank, India.

*fintech · news · 2026-04-30 · Zee News*

## Key points

- Federal Bank's board has approved acquiring a select retail credit card portfolio from Standard Chartered India.
- Standard Chartered is moving away from standalone credit cards to focus on multi-product relationships in India.
- As of January, Standard Chartered had 550,000 standalone cards in India set for strategic shift.
- Federal Bank expects the acquisition to expand its retail lending presence in India's consumer credit market.

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

[Read the full story on Zee News](https://zeenews.india.com/personal-finance/federal-bank-to-acquire-select-credit-card-portfolio-from-standard-chartered-bank-in-india-3042362.html)

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