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  3. Federal Bank to buy select retail credit card portfolio of Standard Chartered
ipo services in India
India IPO
  • 30 Apr 2026
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 Federal Bank to buy select retail credit card portfolio of Standard Chartered

Federal Bank will acquire around 450,000 credit cards from Standard Chartered. The deal values the portfolio at 1.5-1.6 times implied equity as estimated by Federal Bank.

Federal Bank to buy select retail credit card portfolio of Standard Chartered

Anshika Kayastha

Driven by a passion for news and commitment to accurate and ethical reporting, Anshika Kayastha has been covering the full spectrum of BFSI—from banks and NBFCs to fintechs, insurance, payments, regulators, personal finance and money markets for the past 13 years. Based in Mumbai, her work at Mint spans comprehensive and insightful stories on sectoral trends, regulatory and policy shifts, corporate strategies, governance, and innovation. With a particular interest in fintech, she keeps a close watch on emerging players, disruptive business models, and the evolving regulatory landscape. Prior to joining Mint in July 2024, Anshika honed her craft at The Hindu BusinessLine and Informist Media, to deliver incisive, well-sourced reporting on the forces shaping India's financial services. She holds a degree in media and communication from Symbiosis University. When she's not tracking the latest RBI circular or tenaciously pursuing the next story, Anshika is most at home in the mountains of Himachal Pradesh. Warm, social, and endlessly curious, she's a self-confessed credit card enthusiast, and brings that same energy to offbeat TV series, puzzles, beach vacations, and competitive game nights.

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