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Tata Sons continues to be in upper layer, RBI indicates
MUMBAI: RBI governor Sanjay Malhotra indicated that Tata Sons continues to be on the list of upper layer NBFCs, even as the central bank is yet to release its updated classification based on revised principle-based criteria. Malhotra said the identification of upper layer NBFCs is now principle-based and entities that meet the criteria are automatically included, with size remaining the key determinant.
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economictimes.indiatimes.com
RBI upper-layer NBFC list to come out soon
The Reserve Bank of India will soon release a list of upper-layer NBFCs. New principle-based regulations will classify these financial companies into different layers. Companies…
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thehindubusinessline.com
Tata Sons to continue as upper-layer NBFC
Tata Sons is expected to continue as an upper-layer Non-Banking Financial Company (NBFC-UL) under the Reserve Bank of India’s scale-based regulatory framework, with RBI Governor…
