Mumbai, Oct 11 (Reporter) Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday that Ratan Tata contributed immensely to India's economic growth and industry and acknowledged him as a strong believer of ethics in corporate governance. In his heartfelt post on social media platform X (formerly Twitter), he acknowledged Tata's immense contributions to India's economic growth and industry. He wrote, “Honoured to have paid my respects to the mortal remains of Shri Ratan Tata. Truly a great visionary. Strong believer of ethics in corporate governance." Ratan Tata was also a member of RBI central board for more than 12 years. "When the economic history of modern India is written, even one full volume will not suffice to describe Shri Ratan Tata’s phenomenal achievements. May his soul rest in eternal peace,” he added. The 25th RBI Governor, Das, was nominated by the Tamil Nadu government to serve as the chairman of a Tata Group Company, Titan, from 2006 to 2008. It is notable that in his leadership, RBI introduced Scale-Based Regulations (SBR) that calls for the mandatory listing of "Upper Layer" of Non-Banking Financial Companies (NBFCs). With the passing of Ratan Tata, all eyes are once again on RBI’s decision regarding the Tata Sons' IPO which would be a game-changer for Indian market as well for the Tata Trusts as Listing of Tata Sons would significantly benefit the Tata Trusts, which hold a 66 per cent stake in the company. This move could enhance corporate governance and provide liquidity through share sales, generating additional funds for the Trusts’ philanthropic initiatives in education, healthcare and social welfare. Moreover, the proceeds from the IPO could be reinvested into these efforts, amplifying their societal impact. If Tata Sons complies with RBI regulations to go public by September 2025, this listing could also unlock substantial value from its investments, further supporting the Trusts’ financial needs...////...