Capital One’s plan to buy Discover could form the largest credit card issuer in the country and the sixth-largest U.S. bank by asset size in late 2024 or early 2025.
The Court found that no civil court can entertain a suit or proceeding if an aggrieved person has grievance against any measures taken under the SARFAESI Act.
"The approvals were granted pursuant to applications made by HDFC Bank (as a promoter/sponsor of the Group) to the RBI on December 18, 2023,” the bank said.