Standard Chartered Reviews Options for India Credit Card Business Amid Retail Strategy

Standard Chartered is reviewing its retail credit card business in India as part of a broader strategy to reshape its operations in the country. The London-based bank has held preliminary discussions with stakeholders and may decide on the unit's future this year, though talks are at an early stage and could change. This review aligns with a trend of foreign banks scaling back consumer operations in India, including Citigroup's recent exit from retail banking.