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The Reserve Bank of India has instructed banks and NBFCs to permit transactions for low-risk customers with pending KYC until June 30, 2026, provided reminders are sent. Self-declaration via banking correspondents is now allowed for unchanged KYC or address updates. Banks can update KYC for inactive accounts and unclaimed deposits across branches, including through video identification.
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Unified Data Tech surged 16% to a 52-week high of 387 on strong volumes following a block deal where BNP Paribas acquired over 1 lakh shares, boosting investor sentiment. The stock has rallied 36% in five sessions.
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PMS returns May 2025: At least 15 PMS strategies posted over 13% returns in May 2025, led by Money Grow Assets Small Midcap strategy. Smallcap and thematic funds rebounded strongly, while quant-based and sectoral strategies underperformed, widening the performance gap among portfolios.
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GTL Infrastructure shares: On Thursday, around 66 crore GTL Infra shares were traded on the NSE, reflecting strong retail interest. The stock has attracted momentum-based buying amid improving sentiment in the broader market for small-cap infrastructure companies.
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News and Media
Shakti Pumps (India) shares experienced a surge of 4.6% following the announcement of a significant order worth Rs 114.58 crore from the Maharashtra Energy Department Agency (MEDA). The order involves the supply and installation of 4,500 off-grid Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme, to be completed within 90 days across Maharashtra.
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News and Media
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