RBI keeps Tata Sons in upper-layer NBFC bracket, mandatory listing pressure persists
RBI retained the Rs 1 lakh crore asset threshold for upper-layer NBFCs, leaving Tata Sons—parent of Trent, Titan and Croma—inside the supervisory net despite its Rs 1.75 lakh crore FY26 asset base. Application to surrender NBFC registration still under review as board remains split on IPO route.
RBI retained Rs 1 lakh crore threshold for upper-layer NBFCs, keeping Tata Sons—parent of Trent, Titan, Croma—within supervisory bracket and subject to listing requirements. Tata Sons' application to surrender NBFC registration remains under review amid board division on IPO.