RBI Governor hints that Tata Sons may have to go for listing

"As long as it's an NBFC within our definition... it has access to funds, direct or indirect; it's required to be registered. And if it is in the upper layer, then it is required to list," Sanjay Malhotra said when asked about Tata Sons, at the NDTV World…
Summary from NDTV
How 5 outlets are covering it
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Times of IndiaUpper layer NBFCs have to list: RBI guv on Tatas; dispels doubts on Sept order
RBI governor Sanjay Malhotra’s comments also suggest Tata Sons is in breach of RBI rules. The consequences of continued noncompliance remain unclear. The governor declined to be drawn into the…
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Economic TimesRBI alert about AI-driven cyber risks: Governor Read on Economic Times
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Economic TimesRBI governor reiterates listing requirement for top NBFCs as focus intensifies on Tata Sons
India's central bank governor said on Friday non-bank finance companies classified in the upper layer are required to list on the stock market, reiterating the Reserve Bank of India's stance on the…
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NDTVRBI Governor Was Asked About Tata Sons' Listing. He Read The Rulebook
"As a policy, we do not answer questions relating to any specific regulated entity. I'll not be able to answer this specific question," he said, explaining the rules that make listing mandatory.
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Economic TimesRBI governor backs Tata Sons classification
New Delhi: RBI Governor Sanjay Malhotra on Friday justified the classification of Tata Sons as an upper-layer NBFC, saying that any large NBFCs or core investment companies that handle public funds…
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Indian ExpressRBI Governor hints that Tata Sons may have to go for listing Read on Indian Express
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NDTV ProfitWhy Core Investment Companies Like Tata Sons Require Registration? Explains RBI Governor Sanjay Malhotra
Malhotra's comments come amid continued attention on the regulatory requirements applicable to large corporate holding companies and the circumstances under which they must register with the RBI.
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NDTV"Required To List": On Tata Sons, RBI Governor Sanjay Malhotra Reads The Rulebook
"As long as it's an NBFC within our definition... it has access to funds, direct or indirect; it's required to be registered. And if it is in the upper layer, then it is required to list," Sanjay…
Read on NDTV


