# RBI Retains Tata Sons in Upper-Layer NBFC List 2026-08-07T08:41:59+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Reserve Bank of India has retained Tata Sons in its FY27 list of upper-layer non-banking financial companies while examining the group holding company’s request for deregistration. The RBI said the inclusion does not prejudge that application. Approval would remove Tata Sons from upper-layer NBFC requirements, including the listing rule, while rejection would leave those obligations in place. The revised list names 17 entities, up from 15 in January 2025. REC, Power Finance Corporation, Indian Railway Finance Corporation and HUDCO have joined the primary list. PNB Housing Finance and Sammaan Capital remain subject to upper-layer rules despite no longer meeting the current criteria, taking the total regulated entities to 19. The revised framework uses assets of Rs 1 trillion or more as the main threshold, Rediff reports. ## Coverage - timesofindia.indiatimes.com - rediff.com Tags: financial regulation, NBFCs, PSUs, RBI, Tata Sons Canonical: https://indianopinion.org/rbi-adds-four-public-sector-lenders-to-nbfc-upper-layer/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-adds-four-public-sector-lenders-to-nbfc-upper-layer/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.