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Tata Sons listing latest news: How RBI Governor Sanjay Malhotra's first public comment dispels doubts on Sept 11 order

RBI Governor Sanjay Malhotra said large NBFCs and core investment companies with direct or indirect access to public funds must register with the central bank. Since Tata Sons is classified as an upper-layer NBFC, the RBI rejected its attempt to surrender its licence, making a public listing likely.