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RBI finalises NBFC-UL norm that may see Tata Sons list

India's central bank has redefined systemically important NBFCs, setting a new asset threshold of 1 lakh crore for upper-layer companies. This move, rejecting industry calls for a higher cap, could mandate a public listing for entities like Tata Sons. The Reserve Bank of India will annually identify these firms, impacting their regulatory oversight and potentially altering control structures for major business groups.

25 Jun 2026 5:30 am