RBI Set To Retain Most NBFCs In Upper Layer List

The RBI is expected to soon update its Upper Layer Non-Banking Financial Companies list. Tata Sons is likely to remain on the list as the RBI has not yet decided on its request. Under norms, NBFCs with loan books exceeding ₹1 lakh crore and govt-backed NBFCs may be included. RBI rules require Upper Layer NBFCs to be listed on stock exchanges within 3 years.