Mumbai, Sept. 28 -- The Reserve Bank of India (RBI) is watching the developments unfolding at Tata Sons even as it awaits an official word from the company on the plans for compliance as an upper layer NBFC.

According to sources, Tata Sons has conveyed to the central bank that it will expedite the process and work towards complying with the RBI's directive. The company's board, at its September 17 meeting, had resolved to initiate the process for listing the holding company.

Sources said the Tata Sons board is expected to finalise its response to the RBI, including a broad timeline for undertaking the listing process.

There have also been reports that Tata Sons Chairman Noel Tata has asked the company to explore a corporate restructuri...