Moneycontrol.com·1 min read·medium
RBI retains Tata Sons in the Upper Layer NBFC list
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The Reserve Bank of India (RBI) has maintained Tata Sons' status on the Upper Layer Non-Banking Financial Company (NBFC-UL) list. This decision means the company's request to exit the regulatory framework remains under review.
Reserve Bank of India on August 6 retained Tata Sons in the Upper Layer NBFC list. The move indicates the RBI has not yet cleared Tata Sons’ exit from the NBFC-UL framework. Tata Sons’ application for de-registration as an NBFC-CIC remains under exam... [2628 chars]
businesseconomy
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