RBI governor reiterates listing requirement for top NBFCs amid intensified focus on Tata Sons.
Context
What happened: RBI governor Sanjay Malhotra said at NDTV's World Summit that an NBFC registered as a core investment company with access to public funds, if in the upper layer, is required to list.
Why it matters: The remarks come as Tata Group faces internal divisions over whether Tata Sons should list, with its board favoring a listing to comply with RBI rules while Tata Trusts explores alternatives to avoid it.