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Bank of Baroda and IIFCL have signed an agreement to jointly finance and syndicate loans for a wide range of infrastructure projects in India. The partnership aims to accelerate key infrastructure developments, with a focus on sectors like transportation, energy, and urban development. IIFCL emphasizes long-term and sustainable funding, targeting green finance, MSMEs, and rural projects to promote inclusive growth. With Bank of Baroda's extensive network, the collaboration seeks to offer innovative financing solutions that support India's growing infrastructure needs.
Bank of Baroda has entered into an agreement with India Infrastructure Finance Company Ltd (IIFCL) to jointly provide loans and syndicate funding for a wide array of infrastructure projects across India. The collaboration is aimed at accelerating the development of key infrastructure initiatives being established in the country. Advertisement
Under this partnership, both institutions will work together to finance projects spanning sectors such as transportation, energy, urban development, and other critical infrastructure. The move is expected to enhance funding availability for projects of varying scales, ensuring smoother execution and timely completion.
Palash Srivastava, Deputy Managing Director of IIFCL, highlighted that the company is actively supporting national priorities by providing long-term and sustainable financing. He noted that the focus will be on green finance, micro, small and medium enterprises (MSMEs), and rural infrastructure, which will contribute to inclusive and resilient economic growth.
Lalit Tyagi, Executive Director at Bank of Baroda, stated that the bank's extensive nationwide presence, combined with this collaboration, positions it to deliver innovative financing solutions and strengthen support for India's infrastructure ambitions.
This partnership also reflects a broader trend in India where banks and financial institutions are increasingly joining forces to fund infrastructure projects that are crucial for economic growth and sustainable development. By leveraging their combined expertise and reach, Bank of Baroda and IIFCL aim to address financing gaps, particularly in sectors requiring long-term investment.
Source Reuters
5th Jun, 2025
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