NEW The Times Of India
Wed 16 Sep 2026 07:30:03 AM
Hear us first if Tata Sons files any plea: RBI caveat in HC
SUMMARY
Tata Sons, the holding company of the Tata Group, has been classified as an upper-layer Non-Banking Financial Company (NBFC) by the Reserve Bank of India (RBI), requiring it to list on stock exchanges by September 2025. In response, Tata Sons repaid all public deposits and surrendered its NBFC registration to avoid mandatory listing. Anticipating a legal challenge, the RBI filed a caveat in the Bombay High Court, requesting that no order be passed without hearing the central bank first. This move ensures the RBI gets a fair chance to present its stance if Tata Sons challenges the regulatory framework or any related decision in court.
Relevant For:
Prelims + Mains
GS - III
Economy
Focus Area
RBI Regulation
Core Investment Companies
Tata Sons Listing
Corporate Governance
Judicial Review
Financial Regulation
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