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Recent Current Affairs related to Tata Sons

2 News
13 August 2026 BANKING

The RBI has identified 17 Non-Banking Financial Companies (NBFCs) for inclusion in the Upper Layer (NBFC-UL) for FY27, based on their financial position as of March 31, 2026.

Tata Sons continues to be categorized under the upper-layer list. The new entities added to the list include Rural Electrification Corporation (REC) Ltd, Power Finance Corporation (PFC) Ltd, Indian Railway Finance Corporation (IRFC) Ltd, and Housing and Urban Development Corporation (HUDCO) Ltd.

2 July 2026 BANKING

RBI has issued the ‘RBI (Non-Banking Financial Companies (NBFC) – Registration, Exemptions and Framework for Scale Based Regulation) Second Amendment Directions, 2026’ to revise the framework for identifying Upper Layer Non-Banking Financial Companies (NBFC-ULs).

Under the new rules, effective from June 24, 2026, any NBFC with an asset size of ₹1 lakh crore or more will be automatically classified as an NBFC-UL. This replaces the previous parameter-based assessment model with an absolute asset-size criterion.

The asset size threshold will be reviewed every 3 years, instead of the 5-year cycle proposed in the draft. Additionally, government-owned NBFCs that meet the eligibility criteria will now be considered for inclusion in the UL category.

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