# RBI Keeps Tata Sons in Upper-Layer NBFC List 2026-08-06T20:51:05+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Reserve Bank of India has placed Tata Sons among 17 upper-layer non-banking finance companies for 2026-27, according to Bloomberg as reported by Business Today. The list also includes REC, Power Finance Corporation, Bajaj Finance, Shriram Finance, Tata Capital and PNB Housing Finance. Tata Sons has applied to surrender its NBFC registration, but the RBI says its inclusion in the list will not affect that application. The request is still under examination, with a final decision pending. Until then, Tata Sons remains subject to tighter rules, disclosure requirements and closer RBI supervision that apply to upper-layer NBFCs. The classification is based on a company’s size and importance to the financial system. ## Coverage - bazaar.businesstoday.in Tags: financial regulation, NBFCs, RBI, Tata Sons Canonical: https://indianopinion.org/rbi-keeps-tata-sons-in-upper-layer-nbfc-list/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-keeps-tata-sons-in-upper-layer-nbfc-list/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.