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Informist, Wednesday, Apr. 8, 2026

 

--RBI Malhotra: Coming up with a new framework for NBFC categorisation soon 

 

MUMBAI – The Reserve Bank of India will soon release a new framework for the categorisation of non-banking finance companies, Governor Sanjay Malhotra said Wednesday. "We are coming up with the next list of new frameworks for the NBFCs... for categorisation into upper, middle layer... very soon," Malhotra said at a post-policy press conference.

"Generally, we do a draft... this time we will take a call," he said.

 

Asked specifically about the categorisation of Tata Sons, the governor said he won't answer questions about specific lenders. In September, the Reserve Bank of India cancelled the certificates of registration of 34 non-banking financial companies, and Tata Sons was not among them. The regulator said it was reviewing the request to classify Tata Sons as an upper-layer NBFC company.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Meera Nair

Edited by Saji George Titus

 

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