Mumbai : Bank of Baroda, India’s International Bank, today announced the signing of a Memorandum of Understanding (MoU)
with India Infrastructure Finance Company Ltd. (IIFCL) to facilitate joint lending
and loan syndication for a wide range of viable infrastructure projects. This
partnership will accelerate the growth of key infrastructure projects being set
up in India.
The MoU was signed in the presence
of Shri Palash Srivastava, Deputy Managing Director, India Infrastructure
Finance Company Ltd. and Shri
Lalit Tyagi, Executive Director, Bank of Baroda. Under the
agreement, IIFCL and Bank of Baroda will collaborate to jointly finance a
diverse range of infrastructure projects across both established and emerging
sectors, leveraging their respective strengths and expertise.
Commenting on the MoU, Shri Palash Srivastava, Deputy Managing
Director, IIFCL said “This partnership with Bank of Baroda is a natural
extension of IIFCL’s role as an ecosystem facilitator for development and
infrastructure finance, building collaborative platforms across banks,
NBFC-IFCs and other financial institutions for issues of common interest. As
India moves through the Amrit Kaal,
IIFCL is actively supporting national objectives by enabling long-term and
sustainable financing for infrastructure, with a strong focus on green finance,
MSMEs and rural infrastructure - thereby fostering inclusive and resilient
economic growth.”
Shri Lalit Tyagi, Executive Director, Bank of Baroda said, "Bank of Baroda has an extensive nationwide presence and
this collaboration with IIFCL positions us well to extend our reach and deliver
innovative financing solutions that will support India’s infrastructure
ambitions. We are confident that by combining our strengths and resources, we
will continue to serve our customers and contribute meaningfully to the vision
of Atmanirbhar Bharat and sustained economic
growth.”