Bank of Baroda Signs MoU with IIFCL to Strengthen Infrastructure Financing
Partnership to enable joint lending and loan syndication for key infrastructure projects across India
Bank of Baroda (BoB), India’s International Bank, on Tuesday announced that it has signed 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 across the country.
The partnership aims to accelerate the development of key infrastructure projects in India by leveraging the combined strengths, expertise and nationwide presence of both institutions. Under the MoU, Bank of Baroda and IIFCL will collaborate to jointly finance infrastructure projects across both established and emerging sectors.
The MoU was signed in the presence of Palash Srivastava, Deputy Managing Director, IIFCL, and Lalit Tyagi, Executive Director, Bank of Baroda.
Commenting on the development, Palash Srivastava, Deputy Managing Director, IIFCL, said the partnership reflects IIFCL’s role as an ecosystem facilitator for development and infrastructure finance. “This collaboration with Bank of Baroda builds on our efforts to create platforms across banks, NBFC-IFCs and other financial institutions to address issues of common interest. As India progresses through the Amrit Kaal, IIFCL is actively supporting national objectives by enabling long-term and sustainable infrastructure financing, with a strong focus on green finance, MSMEs and rural infrastructure, thereby fostering inclusive and resilient economic growth,” he said.
Lalit Tyagi, Executive Director, Bank of Baroda, said the collaboration would enhance the bank’s ability to support India’s infrastructure ambitions. “Bank of Baroda’s extensive nationwide presence, combined with IIFCL’s sectoral expertise, positions us well to deliver innovative financing solutions for infrastructure development. By pooling our strengths and resources, we aim to better serve our customers and contribute meaningfully to the vision of Atmanirbhar Bharat and sustained economic growth,” he added.
The MoU is expected to strengthen infrastructure financing in the country by enabling efficient capital deployment, improving risk-sharing mechanisms and supporting the timely execution of large-scale projects critical to India’s long-term economic development.
