Tata Sons’ exit door from upper layer NBFC list narrows

The new norms, published on April 10 and currently in draft circular form, take away some of the RBI’s discretion in deciding who to list. Now the determining criterion for an unbanked person to enter the club is whether they have: ₹1 trillion or more. Experts said this would indicate that Tata Sons, which has total assets of $200 million, will inevitably continue to be involved in the company. ₹1.75 trillion on a standalone basis as of March 31, 2025.