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Listing cloud still hangs over Tata sons with NBFC-UL tag
Tata Sons is now an upper-layer NBFC, requiring its stock market listing. The Reserve Bank of India is reviewing its deregistration application. This classification mandates stricter regulations for at least five years. Tata Trusts wants Tata Sons to remain privately held. The Shapoorji-Pallonji Group seeks to unlock value through a listing.
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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…
