While Tata Sons resists going public, it may soon get another regulatory nudge to debut on Dalal Street as RBI is set to issue a list of non banking finance companies (NBFCs) that fall in the upper layer category.
RBI Governor Sanjay Malhotra on Wednesday said that the revised norms will be a principle-based system, while declining to specifically answer whether the Tata Group parent will be part of this list of upper layer non banking financial companies.
