Top IT and Banking Stocks Focused Today: PNB, Wipro, Yes Bank and More

By Malvika Gurung

Investing.com – Wipro (NS :): The IT major and American software company ServiceNow will promote the digital journey of Brazil’s largest public exchange, Petrobras.

Punjab National Bank (NS :): The public sector lender raised its repo-based lending rate from 6.9 to 7.4%, effective June 9, 2022, after the RBI raised its repo rate by 50 bps to 4.9% on Wednesday.

Tech Mahindra (NS :): The IT firm has acquired a 26% stake in Hyderabad-based renewable energy firm Huoban Energy 6, and will pay a total of Rs 1.6 crore in an all-cash deal.

Yes Bank (NS :): The private lender is ready to leave the reconstruction scheme it put in place, as a special bailout plan two years ago. After heavy losses for 2 years, the bank finally became profitable in FY22

Bank of India (NS :): The public sector lender raised its repo-based lending rate from 7.25% to 7.75% with immediate effect, following the RBI rate hike on June 8th.

Bank of India (NS :): The shares of the public sector lender will be exchanged ex-dividend on June 14, and its shareholders will get a dividend of Rs 6.5/share.

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