StanChart to sell select credit cards biz to Federal Bank
Federal Bank is set to acquire a credit card portfolio of approximately 4.5 lakh cards from Standard Chartered Bank, India. This strategic move will significantly boost Federal Bank's non-co-branded credit card segment, adding a seasoned customer base concentrated in top cities and doubling its presence in those markets.
Federal Bank is set to acquire a credit card portfolio of approximately 4.5 lakh cards from Standard Chartered Bank, India. This strategic move will significantly boost Federal Bank's non-co-branded credit card segment, adding a seasoned customer base concentrated in top cities and doubling its presence in those markets.
