On Thursday, the Reserve Bank of India (RBI) maintained Tata Sons' status within its upper-layer category for non-banking financial companies (NBFCs). Entities classified in this tier are subject to more rigorous regulatory scrutiny and are required to complete a stock exchange listing within a three-year timeframe. The central bank clarified, however, that this designation will have no impact on the company's existing request to cancel its NBFC registration.
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