Two boards, one listing battle: Inside Tata Sons’ directors RBI board link

Two Tata Sons directors, N Chandrasekaran and Venu Srinivasan, are linked to the Reserve Bank of India (RBI) board through their respective roles. Chandrasekaran served as a non-official director on the RBI Central Board from 2016 to 2022, while Srinivasan joined the board in 2022 and served until 2026. Neither of their tenures overlapped on the RBI Central Board, but both later served on the Tata Sons board, becoming central figures in the company's dispute.

The RBI took nearly two and a half years to decide on Tata Sons' application for deregistration as a non-banking financial company (NBFC). Srinivasan's position as a Tata Sons director and trustee of Tata Trusts adds to the complexity of the dispute, as he supports the listing, while Noel Tata, the chairman of Tata Trusts, opposes it.