As per the RBI guidelines, an ‘upper-layer’ NBFC must list within three years of being notified. On September 14, 2023, the Reserve Bank of India (RBI) classified both Tata Capital and parent Tata Sons Ltd among the 16 ‘upper tier’ NBFCs.
Bank deposit rates to stay firm in Q4 as loan demand peaks
Bank deposit rates are expected to remain steady. Lenders need funds for increasing loan demands. The recent CRR cut offers some relief but the busy