RBI looks at Tata Sons plea to drop NBFC tag
The RBI is evaluating Tata Sons' application for de-registration as an NBFC. Tata Sons aims to avoid listing by reducing its debt and declassifying as an NBFC-core investment company. RBI rules necessitate listing if it remains an upper-layer NBFC, requiring significant equity sales.
The RBI is evaluating Tata Sons' application for de-registration as an NBFC. Tata Sons aims to avoid listing by reducing its debt and declassifying as an NBFC-core investment company. RBI rules necessitate listing if it remains an upper-layer NBFC, requiring significant equity sales.
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