RBI rejects Tata Sons' application to surrender NBFC licence, reports CNBC-TV18
The Reserve Bank of India (RBI) has rejected Tata Sons' application to voluntarily surrender its certificate of registration as a non-banking financial company (NBFC), sources told CNBC-TV18.With the application rejected, Tata Sons will have to comply with RBI regulations for upper-layer NBFCs, inc…
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