Standard Chartered Plc is reviewing its retail credit card business in India. This move comes as the bank reshapes operations in the world's fastest-growing major economy. The review follows a broader strategy shift for the British lender. Sources familiar with the matter disclosed the ongoing evaluation.

India represents a critical growth market for global banks, but competition is fierce. Local lenders and fintechs dominate the digital payments space. Standard Chartered's retail banking push there has faced challenges. This review signals a potential retreat from consumer lending to focus on more profitable segments.

What comes next for the Indian cards unit? Options likely include a sale to a local player or a strategic partnership. The outcome will test Standard Chartered's commitment to retail banking in Asia. Investors will watch for any asset writedowns or restructuring costs.