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Federal Bank to buy Standard Chartered credit card portfolio of 4.5 lakh cards by 2026
Business
Published on 30 April 2026
The deal targets urban spenders with a huge card boost
Federal Bank plans to acquire about 4.5 lakh credit cards from Standard Chartered Bank in India, strengthening its card base in major top cities. The acquisition is designed to deepen its reach among urban, financially active customers. The bank expects the transaction to be completed by the end of 2026, expanding its footprint in the credit card market.
- Federal Bank will acquire around 4.5 lakh credit cards
- Portfolio purchase is from Standard Chartered Bank India
- Focus is expanding card presence in top urban cities
- Deal expected to close by end of 2026
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times