RBI Governor Says Upper Layer NBFCs Must List; Tata Sons Faces Compliance Issues
RBI Governor Sanjay Malhotra stated that upper layer NBFCs are required to list on the stock market, clarifying doubts about the September order. His remarks imply Tata Sons may be violating RBI rules. The consequences of continued noncompliance are uncertain. Malhotra did not comment on Noel Tata’s proposal to merge two Tata Sons subsidiaries with the holding company, which might avoid a stock market listing.
Times of India·




