← 13 September 2026's Current Affairs · Economy GS-3 Prelims ★★★★☆ Mains ★★★☆☆
RBI rejects Tata Sons' bid to surrender its NBFC licence
Why in News?
RBI rejects Tata Sons' bid to surrender its NBFC licence
The RBI rejected Tata Sons' bid to surrender its NBFC licence and directed it to prepare for immediate listing.
Why it matters: GS-3 core; factual, Prelims-type
What you need to know
2 min read
The Reserve Bank of India rejected an application by Tata Sons Private Limited to surrender its Non-Banking Financial Company (NBFC) licence.
The RBI instead directed the Tata Group's holding company to prepare for immediate listing on the stock exchanges.
Tata Sons had been classified as an Upper Layer NBFC under the RBI's scale-based regulatory framework.
Sources: Topper IAS editorial (PIB / The Hindu / Indian Express)
Key facts
Remember these
- RBI
- Tata Sons
- NBFC
- scale-based regulation
Prelims · Mains
How the exam will ask it
Prelims
- RBI, Tata Sons, NBFC, scale-based regulation
Mains
Use as an example in GS-3 answers (GS Paper 3 - Indian Economy / Banking).
Quick recall
Answer before you reveal
ISRO's EOS-05 satellite, recently in the news, is primarily used for:
- Earth observation for security and weather monitoring
- Deep-space communication
- Global navigation
- Human spaceflight
Show answer
Answer: A — EOS-05 is an Earth observation satellite with applications ranging from security to weather monitoring.
Convert this topic into marks
Today's 10-MCQ test · instant analysis · Powered by AdaptIQ