RBI Governor Malhotra steers India's ledger work toward tokenized bonds and away from crypto
RBI Governor Sanjay Malhotra said on Oct. 3 that India stays cautious on crypto, weeks after India's FIU sent AML notices to 15 platforms. Firms with Indian users should plan for tax and AML enforcement as the working regime while the RBI builds digital-rupee settlement for tokenized bonds.
Reality
- Evidence55
- Adoption30
- Hype gap+5
- Incentives
- Not scored
- Confidence45
Morgan Stanley's leaked list of 100-plus deals raises block-trade risks
Morgan Stanley's Asia sponsors head mistakenly emailed clients an internal list of more than 100 deals the bank was working on or monitoring. The money at risk sits with sellers of block trades on that list, because their placements depend on buyers not expecting the shares.
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+20
- Incentives50
- Confidence58
Anchor investors committed to 30% of NSE's Rs 22,569 crore offer before bidding opened
The National Stock Exchange of India closed 5.7 times covered, with institutions bidding 12.68 times their portion and retail investors 1.39 times. Every rupee of the Rs 22,569 crore goes to existing holders.
Reality
- Evidence46
- Adoption68
- Hype gap+22
- Incentives40
- Confidence52
NSE's price band undercuts the unlisted market in its own shares by up to 19%
India's largest exchange is selling 126.4 million shares, about 5.1% of itself, at Rs 1,700 to Rs 1,785, while unlisted platforms have been dealing the same stock between Rs 1,950 and Rs 2,200. The selling institutions keep the cash.
Reality
- Evidence46
- Adoption
- Not scored
- Hype gap+32
- Incentives55
- Confidence42
SEBI and the Reserve Bank of India now have 10.25 billion rupees of corporate debt live on a permissioned ledger settled in wholesale digital rupees, with the depositories holding the private keys and 23 investors holding the bonds.
Reality
- Evidence68
- Adoption42
- Hype gap+18
- Incentives62
- Confidence66
Twenty-three investors bought the whole Rs 1,025 crore of SEBI's first tokenized bond batch
Demat 2.0 settled REC, L&T and IIFL paper against the wholesale digital rupee on the day of bidding, with the same ISINs, coupons and ratings the bonds would have carried anyway.
Reality
- Evidence55
- Adoption35
- Hype gap+25
- Incentives65
- Confidence50
buildOne report1 publisher SEBI's algo rules turn your execution log into a compliance artifact
Two-factor authentication on automated orders and an audit trail of every automated decision took effect on April 1, 2026, and the broker carries the obligation.
Reality
- Evidence18
- Adoption
- Not scored
- Hype gap+32
- Incentives68
- Confidence26