RBI adds 4 government-owned NBFCs to 17 with ₹1L/cr assets
The Reserve Bank of India just updated its list of big nonbanking financial companies (NBFCs) that get extra regulatory attention.
This year, four government-owned names, REC, Power Finance Corporation, IRFC, and HUDCO, made the cut, bringing the total to 17.
These are the heavyweights with assets of ₹1 lakh crore or more, so they'll now face stricter rules to keep things stable in the financial world.
RBI tells Tata Sons to list
While REC and friends joined the club, PNB Housing Finance and Sammaan Capital were dropped from this top tier but will still be closely watched for at least five years from the date of their classification in the layer.
Tata Sons is still on the list too, even though it has asked to be removed, but there's a twist: RBI says it must go public by September 2025.
The Tata board is split on this; some worry it could affect its charity work, while others think listing could boost transparency and help fund new ventures like EVs and semiconductors.