Standard Chartered to sell bulk of Indian credit cards to Federal Bank

Standard Chartered is selling a significant portion of its Indian credit card portfolio to Federal Bank. This move aligns with Standard Chartered's strategy to concentrate on its wealth management business in India. The deal is expected to be finalized by the end of 2026. Federal Bank views this acquisition as a valuable expansion of its retail credit operations.

from Industry-Economic Times https://ift.tt/UO1r8J0
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