The Reserve Bank of India governor Sanjay Malhotra hinted at a possible update to the upper-layer NBFC list, a move that could influence Tata Sons' much-anticipated IPO plans.
Tata Sons applied for de-registration in 2024
Jun 05, 2026
02:51 pm
What's the storyThe initial public offering (IPO) of Tata Sons remains uncertain as Reserve Bank of India (RBI) Governor Sanjay Malhotra has announced plans to revise the list of upper-layer non-banking financial companies (NBFCs).
"Upper layer NBFC list is out there, it continues until we update it. Will update upper-layer NBFC list shortly," Malhotra said after a monetary policy committee meeting on Friday.
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