Tata Sons missed the deadline for public listing by September 30, as mandated by the Reserve Bank of India’s (RBI) scale-based regulatory framework for upper-layer NBFCs. However, the company will continue to conduct its business as long as it holds an active registration with the regulator, RBI Governor Sanjay Malhotra told reporters at the post-Monetary Policy Committee (MPC) press conference held here today.

“We don’t comment on any specific entities. Any entity which has a registration, till it is not cancelled, will continue to do its business,” Malhotra said.

His comments come amid uncertainty over Tata Sons’ listing. Tata Sons has applied for de-registration of its upper-layer NBFC licence to avoid listing.

businessline had earlier reported that the RBI could approve Tata Sons’

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