RBI Governor Reiterates Listing Rules for Top NBFCs
The Reserve Bank of India governor confirmed that systemically important non-bank finance companies must list on stock exchanges. The stance keeps pressure on Tata Sons to comply with regulatory requirements after its deregistration bid was denied.
India's central bank reaffirmed on Friday that top-tier non-bank finance companies must list on public stock exchanges. RBI Governor Sanjay Malhotra outlined the rule during a Friday afternoon appearance at a broadcaster conference in Bengaluru. The mandate keeps pressure on major conglomerates seeking exemptions from regulatory oversight.
