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via livemint.comCapital Markets

Tata Sons listing: RBI Governor Sanjay Malhotra's first public comment dispels doubts on Sept 11 order

FROM THE WIRE · LIVEMINT.COM

RBI Governor Sanjay Malhotra said large NBFCs and core investment companies with direct or indirect access to public funds must register with the central bank. Since Tata Sons is classified as an upper-layer NBFC, the RBI rejected its attempt to surrender its licence, making a…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe clarification on registration of large NBFCs makes a public listing of Tata Sons more likely.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01RBI Governor Sanjay Malhotra said large NBFCs and core investment companies must register with the central bank.
  2. 02Tata Sons is classified as an upper-layer NBFC.
  3. 03The RBI rejected Tata Sons' attempt to surrender its licence.
  4. 04A public listing is therefore likely.

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