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RBI to extend PCA supervisory norms to govt-owned NBFCs from Oct 2024

RBI to extend PCA supervisory norms to govt-owned NBFCs from Oct 2024
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pca: PCA regime to cover PSU NBFCs from October 2024

The Reserve Bank of India (RBI) has announced that it will bring state-owned non-banking finance companies (NBFCs) under the prompt corrective action (PCA) framework from October 2023. The central bank will review the financials of these NBFCs as of March 2024. The PCA framework was initially introduced for NBFCs on December 14, 2021, to address their growing size and systemic importance.

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Tata Capital could make its stock market debut by 2025: Report

Tata Capital is an RBI-registered non-deposit-accepting core investment company, which holds investments in its subsidiaries, which are engaged in lending and offering a wide array of services and products in the financial services sector.

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Coinbase-backed Base Catches Up with Top Layer 2 Ether Chains after Hitting Almost 2M Daily Transactions

Coinbase-backed Base Catches Up with Top Layer 2 Ether Chains after Hitting Almost 2M Daily Transactions
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Tata Sons likely to make market debut by 2025 to avoid RBI s upper-layer NBFC tag: Report

Apart from Tata Sons, its subsidiary, Tata Capital Financial Services, is also included in the list. Tata Sons will be merging Tata Capital Financial Services into Tata Capital.

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