RBI rejects Tata Sons’ application to surrender NBFC licence, asks for immediate listing
As per a 2022 circular, Tata Sons, among other large NBFCs, was asked to get listed by September last year based on RBI’s scale-based regulation. File | Photo Credit: Reuters The Reserve Bank of India (RBI) has rejected Tata Sons’ application to surrender its Non-Banking Finance Company (NBFC) licence, saying the application ‘cannot be acceded to’….