Federal Bank Ltd: Gets Approval To Take Over Retail Credit Card Portfolio From Standard Chartered Bank In India.

 30 Apr 2026 11:35 AM

Federal Bank Ltd: Gets Approval To Take Over Retail Credit Card Portfolio From Standard Chartered Bank In India.

Federal Bank: Investec on Federal Bank Buy with Target Price ₹325 (raised) as strong quarter with PBT +16% YoY, robust core PPOP (+31%) driven by lower opex and higher fees, improved asset quality (PCR 88%, lower credit cost ~45bps), pickup in loan growth (~13% YoY) led by gold/commercial segments, and strong CASA growth (~20% YoY).

 30 Apr 2026 09:02 AM

Federal Bank: Investec on Federal Bank Buy with Target Price ₹325 (raised) as strong quarter with PBT +16% YoY, robust core PPOP (+31%) driven by lower opex and higher fees, improved asset quality (PCR 88%, lower credit cost ~45bps), pickup in loan growth (~13% YoY) led by gold/commercial segments, and strong CASA growth (~20% YoY).