Federal Bank to acquire select retail credit card portfolio from Standard Chartered Bank India
Federal Bank · Banks
Key highlights
- Board of Directors approved entering into a deed of assignment with Standard Chartered Bank India
- The acquisition involves a select portfolio of retail credit cards from SCB India
- Board meeting commenced on April 29, 2026, adjourned, and resumed on April 30, 2026, with approval at 11:15 AM
Why it's rated notable: The filing states no portfolio value, and the deed of assignment is yet to be executed, so the event is non-binding and is kept at medium by default.
Original filing
Disclosure under Regulation 30A of LODR
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.