New Delhi, April 30 (IANS) Federal Bank on Thursday said its board has approved a plan to acquire a select portfolio of retail credit cards from Standard Chartered Bank’s India unit.However, the transaction value has not been disclosed in the regulatory filing.Federal Bank said its board, at a meeting held on April 30, cleared the proposal to enter into a deed of assignment (DOA) with Standard Chartered Bank, India (SCB India).The agreement will enable the bank to take over a portion of SCB In…
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