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RBI review could block Tata Sons exemption and shake Venu Srinivasan’s listing plans
Economy
Published on 24 April 2026
RBI insiders say Tata Sons may not get the exemption
The RBI is expected to issue a revised circular on upper-layer NBFCs, with its scale-based regulation framework under review. Sources say Tata Sons may not receive the exemption it sought from upper-layer classification, a move officials believe could be aimed at avoiding an NBFC listing. The decision may significantly reshape the listing trajectory.
- RBI is revising rules for upper-layer NBFCs soon
- Scale-based regulation for NBFCs is currently under review
- Officials suggest Tata Sons may not get the exemption sought
- Exemption denial could complicate listing plans
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times