RBI Governor Sanjay Malhotra on Tata Sons Listing Requirement

• RBI Governor Sanjay Malhotra stated that Tata Sons, as an upper-layer NBFC, is required to list.
• Tata Sons is currently in breach of RBI rules, though the consequences of noncompliance are unclear.
• The governor declined to comment on Noel Tata's proposal to merge two Tata Sons subsidiaries with the holding company.
• Any large NBFCs or core investment companies handling public funds must be registered with the RBI and follow listing norms.
• The governor did not address the potential impact of the proposed merger on Tata Sons' compliance status.