VERIFIEDET Finance·17 Sept 2026neutral

RBI clarifies principal business rules for NBFCs, CIC definition after Tata Sons CoR rejection

AI Summary

·RBI has clarified definitions for financial activity and core investment companies.
·Companies must meet specific asset and income thresholds to be regulated by the central bank.
·The RBI's clarification follows the rejection of Tata Sons' application to surrender its registration.