Sources said Tata Sons is expected to continue as an upper layer NBFC, as the RBI is yet to take a final decision on the company's request for cancellation of its registration.
The Reserve Bank of India has finalized its framework for Non-Banking Financial Companies, confirming that a Rs 1-lakh-crore loan book will continue to be the benchmark for an 'Upper-Layer' NBFC classification. This decision means companies like Tata Sons are expected to retain…
Market Samachar is a news aggregator. This article was originally published by NDTV Profit - Latest. Tap the button above to read the full story on their site.