FEDERALBNK

FEDERAL BANK : TO ACQUIRE CREDIT CARD PORTFOLIO FROM STANDARD CHARTERED 💳🏦 • 🏦 Federal Bank Limited board approves acquisition of select retail credit card portfolio from Standard Chartered Bank India • 📄 Transaction to be executed via Deed of Assignment (DOA); execution details to follow • 📈 Move aimed at expanding credit card business & retail lending portfolio • ⏳ Approval granted on 30 April 2026 board meeting 🟢 Impact: Positive (Strengthens retail franchise and accelerates growth in high-margin credit card segment)