The article criticizes the Reserve Bank of India (RBI) for its perceived delay in processing Tata Sons' application to deregister as an NBFC, leading to public speculation and questions about its credibility. The author highlights the RBI's "fuzzy" financial stability parameters and "rapidly shifting guidelines" for NBFCs, creating policy confusion. This focus on a single company, rather than broader economic issues like inflation and currency volatility, is deemed unbecoming of a central bank. The lack of transparent, consistent regulatory frameworks risks diminishing RBI's integrity and its effectiveness in managing the economy and financial markets.