India's central bank rejects Tata Sons request to avoid public listing, sources say ↧ ↧ India's central bank rejects Tata Sons request to avoid public list... The Reserve Bank of India, the country's central bank and banking regulator, has rejected an application ​from Tata Sons to deregister as a non-bank lender, two ‌sources said, a decision that leaves the company closer to a stock market listing.