RBI Tightens NBFC, CIC Rules After Tata Sons CoR Rejection
The Reserve Bank of India has clarified how it determines principal business activity for non-banking financial companies and the definition of core investment companies, sharpening the regulatory test after rejecting Tata Sonsโ application to surrender its registration. The move places greater scrutiny on large holding companies and reinforces the central bankโs push toward transparency, with Tata Sons now facing pressure to comply with listing-related expectations.
