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Tata Investment, Tata Chemicals rally up to 7% after RBI classifies Tata Sons as upper-layer NBFC
Tata Investment Corp and Tata Chemicals shares rallied up to 7% after the RBI classified Tata Sons among the 16 upper-layer NBFCs, reviving focus on the holding company's potential listing. The central bank is also examining Tata Sons' application to surrender its core investment company registration.
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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…
