StanChart Sells Some Card Business to India Lender in Pullback
Standard Chartered Bank Plc has agreed to sell part of its Indian credit card business to Blackstone-backed Federal Bank Ltd., joining a slew of US and European lenders exiting the crowded retail segment dominated by local players.
Standard Chartered Bank Plc has agreed to sell part of its Indian credit card business to Blackstone-backed Federal Bank Ltd., joining a slew of US and European lenders exiting the crowded retail segment dominated by local players.
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