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The Economic Times
The Economic Times

RBI classifies Tata Sons as Upper-Layer NBFC under revised framework

Tata Sons Sons TATA NBFC RBI Reserve Bank of India

The Reserve Bank of India on Thursday classified Tata Sons as an Upper Layer Non-Banking Financial Company (NBFC).

Under revised norms effective from June, NBFCs with assets exceeding Rs 1 trillion are classified in the upper layer, triggering tighter regulatory oversight and a requirement to list within three years. Tata Sons, with standalone assets of over Rs 2 trillion as of March 2026, falls within this category.

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