Bank of Baroda Signs MoU with IIFCL to Boost Infrastructure Financing

Bank of Baroda has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company (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 Palash Srivastava, Deputy Managing Director, India Infrastructure Finance Company and 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, 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.”

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.”