RBI adds Tata Sons to upper-layer NBFC list as surrender application remains pending
The Reserve Bank of India has classified Tata Sons as an upper-layer NBFC, while clarifying that the move does not affect the Tata group holding company’s pending application to surrender its NBFC registration.
The Reserve Bank of India has added Tata Sons to its upper-layer NBFC list, while stating that the classification does not affect Tata Sons’ pending application to surrender its NBFC registration.