Federal Bank is acquiring Standard Chartered’s credit card portfolio, gaining a high-quality, younger customer base with strong credit scores. The deal presents significant cross-selling opportunities for Federal Bank to expand its product offerings. However, customer attrition and geographic reach are potential challenges that the bank aims to mitigate.
Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to
October 2, 2026