Mumbai: Bank of Baroda (BoB), India’s International Bank, has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Limited (IIFCL) to enable joint lending and loan syndication for viable infrastructure projects across India. The collaboration aims to accelerate the development of key infrastructure initiatives while focusing on sustainable, green, and inclusive growth.
The MoU was signed in the presence of Mr. Palash Srivastava, Deputy Managing Director, IIFCL, and Mr. Lalit Tyagi, Executive Director, Bank of Baroda, along with senior officials from both organizations.
Collaborative Financing for India’s Infrastructure Growth
Under the agreement, Bank of Baroda and IIFCL will jointly finance infrastructure projects across established and emerging sectors, leveraging their respective expertise and networks. The partnership also seeks to streamline loan syndication, making it easier for large-scale infrastructure projects to secure timely and structured financing.
Mr. 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. 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.”
Mr. Lalit Tyagi, Executive Director, Bank of Baroda, added:
“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. 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.”
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Focus on Sustainable, Green, and Inclusive Development
The partnership emphasizes green and sustainable infrastructure projects, ensuring that environmental considerations are integrated into financing decisions. The MoU also supports projects in rural development and MSMEs, contributing to inclusive economic growth while aligning with national development priorities.
About Bank of Baroda
Bank of Baroda (BoB) is one of India’s largest public sector banks, with a vast domestic and international presence. Known as India’s International Bank, BoB provides a wide range of financial services, including corporate and retail banking, project financing, and investment solutions, supporting sustainable economic growth and national development initiatives.
