RBI files caveat after rejecting Tata Sons bid to avoid listing, source says

The Reserve Bank of India (RBI) — the country’s central bank ​and banking regulator — has pre-emptively approached the courts seeking to ‌be heard in any matter filed related ​to the listing of Tata Sons, ⁠a source directly familiar with the matter said.

The move follows the RBI’s rejection of Tata Sons’ application to deregister ‌as a non-banking financial company (NBFC), a decision that pushes the holding company closer ‌to a stock market listing. Reuters reported on ‌Saturday (September 12, 2026) ⁠that the RBI had communicated its decision ⁠in a letter to Tata Sons.

Factions within the group have resisted a listing, according to local media reports.