Federal Bank to acquire Standard Chartered Bank Credit Card portfolio in India
Federal Bank ne Standard Chartered Bank (India) ke retail credit card portfolio ko acquire karne ka bada faisla liya hai. Bank ke board ne is agreement ke liye apni approval de di hai. Is transaction ke pura hone ke baad Federal Bank ka credit card base kafi badh jayega. Isse bank ki pakad Tier-1 cities mein aur majboot hogi.
Deal ki badi baatein
Is acquisition mein Standard Chartered Bank ke lagbhag 4.5 lakh credit cards Federal Bank ke paas chale jayenge. Federal Bank ke paas abhi 8 lakh non-co-branded cards aur 13 lakh co-branded cards hain. Is deal se Federal Bank ke non-co-branded credit cards receivables mein 90% tak ki badhat hone ki ummeed hai.
Portfolio ki final value transfer ke samay ke actual balance par depend karegi. Federal Bank ke hisab se is transaction ki valuation 1.5 se 1.6 times implied equity rakhi gayi hai. Cards ki final sankhya customer consent aur transfer ke samay par nirbhar karegi.
Tier-1 cities mein badhegi pakad
Geographically dekha jaye toh Federal Bank ke liye ye ek bada strategic gain hai. Acquired card base ka lagbhag 75% hissa India ki top 8 cities mein hai. Isse Federal Bank ki presence in bade shehron mein dugni se bhi zyada ho jayegi. Bank ab urban aur financially active consumers tak behtar pahunch bana payega.
| Details | Current Status / Value |
|---|---|
| Acquired Credit Cards | Up to 4.5 Lakh |
| Federal Bank Existing Non-Co-Branded Cards | 8 Lakh |
| Federal Bank Existing Co-Branded Cards | 13 Lakh |
| Expected Increase in Receivables | 90% |
| Concentration in Top 8 Cities | 75% |
| Transaction Valuation | 1.5 to 1.6 times implied equity |
Standard Chartered Bank ki strategy
Standard Chartered Bank ne bataya ki ye faisla unki purani strategy ka hissa hai. Bank ab India mein wealth aur affluent segment par zyada focus karna chahta hai. Woh single-product relationships se hatkar clients ke sath deeper aur multi-product relationships banana chahte hain. Halanki, Credit Cards unke offering ka core part bane rahenge aur unhone hal hi mein Metal Beyond Credit Card bhi launch kiya hai.
Bank ke bade adhikariyon ne kya kaha?
Federal Bank ke MD aur CEO, K V S Manian ne kaha ki ye acquisition unke retail credit franchise ke liye ek majboot addition hai. Unhone bataya ki ye portfolio achhi quality ka hai aur isme active credit card users hain. Isse bank ke fast-growing cards business ko aur raftaar milegi.
Federal Bank ke National Head of Consumer Banking, Virat Sunil Diwanji ne kaha ki woh Standard Chartered ke customers ka Federal Bank platform par swagat karte hain. Woh koshish karenge ki transition seamless ho aur customers ko bank ke sabhi products aur services ka fayda mile.
Standard Chartered Bank (India & South Asia) ke MD aur Head Wealth & Retail Banking, Aditya Mandloi ne kaha ki India unke liye ek key market hai. Woh Federal Bank ke sath milkar kaam karenge taaki clients ko koi pareshani na ho.
FAQs
1. Federal Bank kitne credit cards acquire kar raha hai?
Federal Bank Standard Chartered Bank ke lagbhag 4.5 lakh credit cards acquire kar raha hai.
2. Is deal se Federal Bank ko kya fayda hoga?
Is deal se Federal Bank ki Tier-1 cities mein presence dugni ho jayegi aur unka non-co-branded credit card business 90% tak badh sakta hai.
3. Kya Standard Chartered Bank India mein credit card business band kar raha hai?
Nahi, Standard Chartered ne kaha hai ki credit cards unke core offering ka hissa rahenge, lekin woh ab wealth aur affluent segments par zyada focus kar rahe hain.
4. Is transaction ki valuation kya hai?
Is transaction ki valuation 1.5 se 1.6 times implied equity estimate ki gayi hai.