Bank of Baroda collaborates with IIFCL to boost infrastructure financing

Bank of Baroda on Wednesday announced the signing of a pact with India Infrastructure Finance Company Ltd (IIFCL) to facilitate joint lending and loan syndication for a wide range of infrastructure projects.

This partnership will accelerate the growth of key infrastructure projects being set up in India, the bank said in a statement.

Under the agreement, IIFCL and Bank of Baroda will collaborate to jointly finance a diverse range of infrastructure projects.

Palash Srivastava, Deputy Managing Director of IIFCL said that 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.

 

"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," Lalit Tyagi, Executive Director, Bank of Baroda said.