# RBI adds four PSUs to NBFC upper layer; Tata Sons stays

2026-08-08T03:50:36+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

The Reserve Bank of India added REC, PFC, IRFC and HUDCO to its NBFC-Upper Layer list for FY27, subjecting them to bank-grade regulations. The revised list, released on August 6, marks the first update since January 2025 and sees the total regulated entities rise to 19. Tata Sons remains on the list despite seeking de-registration as an NBFC. PNB Housing Finance and Sammaan Capital continue under the layer despite no longer meeting the criteria. The RBI raised the identification threshold after not publishing a list for FY26.

## Coverage

- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/business/india-business/tata-sons-stays-4-more-psus-enter-nbfc-upper-layer/articleshow/133019090.cms>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/stocks-to-watch-aug-7-hudco-rec-pfc-irfc-railtel-bondada-aegis-logistics-alkem-lab-j-kumar-infra-tvs-motor-co/article71316098.ece>

Tags: NBFC upper layer, PSU lenders, RBI, REC, scale-based regulation, Tata Sons
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