Tata Motors Finance, Piramal Enterprises Surrender NBFC Certificates to RBI

• Eight NBFCs, including Tata Motors Finance and Piramal Enterprises, have surrendered their registration certificates to the RBI.
• The surrenders follow mergers: Tata Motors Finance with Tata Capital and Piramal Enterprises with Piramal Finance.
• RBI proposes new draft rules: NBFCs with assets under Rs 1,000 crore and no direct public interface may be exempt from registration.
• The move aims to reduce compliance burden on small, low-risk financial institutions.
• Public and stakeholders can submit suggestions on the proposed regulations until March 4, 2026.