The Hindu·4 min read·hard
RBI releases NBFC-UL list, Tata Sons figure, pressure mounts for listing
L
Lalatendu Mishra
✦AI Summary
The Reserve Bank of India has identified 17 large non-banking finance companies, including Tata Sons, for enhanced regulatory oversight. Tata Sons is now required to list on the stock exchange within three years, pending the outcome of its de-registration application.
The Reserve Bank of India (RBI) on Thursday released a list of 17 large (upper layer or UL) non-banking finance companies (NBFCs), which included Tata Sons; subjecting them to enhanced regulatory requirements for at least five years and mandatory listing within three years of identification.
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