Mumbai: The Reserve Bank of India (RBI) will release the list of upper-layer non-banking financial companies (NBFCs) soon, Governor Sanjay Malhotra said at the post-policy press conference. “The list is there already. So, it continues till the time we have a new list. We will do it (update) shortly,” Malhotra said without elaborating.
Tata Sons, the holding company of the Tata group, has sought to de-register as an upper-layer NBFC, which would exempt it from the mandatory listing requirement, the deadline for which was September 2025. The regulator has not officially commented on this request.
Responding to a specific question on Tata Sons’ application to surrender its upper-layer NBFC classification in an interview with ET in March, Malhotra said the matter is under examination and that the process for finalising a revised list is underway.
The central bank has not released a list of upper-layer NBFCs for the financial year ended March 2026.