Mumbai, Jan. 17 -- The Reserve Bank of India (RBI) on Thursday retained Tata Sons --- the principal holding company of the Tata Group --- in its list of 15 upper-layer non-bank financiers for FY25, but said it is "without prejudice" to the company's application to get itself deregistered.
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The RBI classified Tata Sons as an upper-layer non-banking financial company (NBFC) in September 2022, and it must therefore be listed on the stock exchanges by September 2025 unless it manages to get an exemption or gets deregistered. The Economic Times reported on 6 January that Tata Sons voluntarily surrendered its certificate of registration with the RBI last year.
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