Shapoorji Pallonji asks RBI for three-year relief on Sterling Capital rules

May 19, 2025

Shapoorji Pallonji Group seeks a three-year extension from the RBI for its Sterling Investment Corp to meet stricter capital adequacy norms after being reclassified as a mid-layer NBFC. This request is linked to a recent ₹28,500 crore fundraising backed by Sterling’s Tata Sons stake.

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The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.

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