seach-icon
  • user-img

    Anu T S in News

    08 Mar 08:30 AM


    thumbnail

    Tata Sons working on restructuring plans to comply with RBI rules: Report

    Tata Sons, the holding company of the Tata Group, is reportedly working on a restructuring exercise to comply with the regulations laid out by the Reserve Bank of India (RBI).

    The RBI has declined to grant any concessions after an informal request to exempt the mandated listing of non-banking finance companies (NBFCs) in the 'upper layer', The Economic Times reported on February 8. The 'upper layer' refers to NBFCs that are considered systemically important and have significant interconnectedness with the financial system.

    One option being considered by Tata Sons to comply with the regulations is transferring its stake in financial services venture Tata Capital to another entity, the report added. This is believed to be a significant reason for Tata Sons being in the 'upper layer'. The 'upper layer' status can have implications for the company's borrowing costs, among other things.

    Source - Money Control