Tata Sons Eyes RBI Decision On Upper-Layer NBFC Status By March End

People aware of the matter told NDTV Profit that Tata Sons believes it is well within the RBI and SEBI guidelines to get de-recognition.

Sajeet Manghat @sajeetkm

17 Jan 2025, 10:51 AM IST i

<div class="paragraphs"><p>The Reserve Bank of India is reviewing Tata Sons' request to surrender its CIC registration, potentially allowing the company to avoid listing under strict RBI norms. (Photo source: NDTV Profit)</p></div>

The Reserve Bank of India is reviewing Tata Sons' request to surrender its CIC registration, potentially allowing the company to avoid listing under strict RBI norms. (Photo source: NDTV Profit)

The holding company of Tata Group, Tata Sons Pvt. Ltd. expects Reserve Bank of India to decide on its application on de-recognition as an Upper-Layer Non Banking Finance Company by March-end, according to people aware of the matter.In the interim, the Reserve Bank of India, in a release on upper-layer NBFCs on Thursday, said Tata Sons will continue to remain an upper non-banking financial company.The central bank said Tata Sons' incl...