RBI Approves Tata Capital's Conversion from NBFC-CIC to NBFC-ICC.

Banking & Finance

The Reserve Bank of India (RBI) has approved Tata Capital’s transition from a Non-Banking Financial Company - Core Investment Company (NBFC-CIC) to a Non-Banking Financial Company - Investment and Credit Company (NBFC-ICC). This change allows Tata Capital to expand its financial operations and enhance its investment and credit services. The conversion signifies a strategic shift to cater to a broader spectrum of financial needs, aiming to improve its service offerings and market position. This move aligns with Tata Capital’s growth plans and reflects its commitment to evolving with the financial sector’s demands.


      Tata Capital's shift enhances its ability to offer diverse financial products and services to a broader customer base.

      The transition supports Tata Capital’s strategic focus on investment and credit solutions, aligning with industry standards.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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