Federal Bank to acquire retail credit card portfolio from Standard Chartered Bank India

Arunika Jain — Thu, 30 Apr 2026 06:05:22 +0000

Federal Bank has announced its decision to acquire a select portfolio of retail credit cards from Standard Chartered Bank, India. The decision was approved by the Board of Directors at a meeting held on April 30, 2026.

The acquisition will be formalised through a deed of assignment (DOA) with Standard Chartered Bank, India. Federal Bank has stated that it will provide further updates on the execution of the DOA in due course.

The Board meeting, which commenced on April 29, 2026, was adjourned and resumed on April 30, 2026. The decision regarding the acquisition was made at 11:15 AM on April 30, during the ongoing meeting.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Standard Chartered Bank | Business Upturn

Federal Bank to acquire retail credit card portfolio from Standard Chartered Bank India