Bank of Baroda and IIFCL Forge Strategic Partnership for Infrastructure Financing

NEW DELHI – Bank of Baroda (BoB), India’s leading international public sector bank, has entered into a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Ltd. (IIFCL). This strategic alliance aims to facilitate joint lending and loan syndication for a broad spectrum of viable infrastructure projects across the country.

The agreement was formalized in the presence of Shri Lalit Tyagi, Executive Director of Bank of Baroda, and Shri Palash Srivastava, Deputy Managing Director of IIFCL.

Synergy for "Amrit Kaal" Infrastructure

The partnership is designed to combine the massive retail and corporate reach of Bank of Baroda with IIFCL’s specialized expertise in long-term infrastructure funding. By collaborating, both institutions aim to address the financing gap in critical sectors, supporting the government's vision of a "Viksit Bharat" (Developed India).

Key Objectives of the Collaboration

Joint Lending: Co-financing large-scale projects to distribute risk and provide comprehensive credit solutions.

• Loan Syndication: Collaborating to lead consortia for multi-crore infrastructure bids.
• Green Finance Focus: Prioritizing sustainable and eco-friendly projects in line with India's climate commitments.
• Inclusive Growth: Special emphasis on MSMEs, rural infrastructure, and emerging sectors to ensure resilient economic progress.

Leadership Perspectives

Shri Palash Srivastava (DMD, IIFCL):

"This partnership is a natural extension of IIFCL’s role as an ecosystem facilitator. We are building collaborative platforms across banks and financial institutions to support national objectives, particularly in green finance and rural infrastructure."

Shri Lalit Tyagi (Executive Director, Bank of Baroda):

"Bank of Baroda’s extensive nationwide presence combined with IIFCL’s resources positions us to deliver innovative financing solutions. We are committed to contributing meaningfully to the vision of Atmanirbhar Bharat and sustained economic growth."

Strategic Context

As India targets an investment of over ₹111 lakh crore under the National Infrastructure Pipeline (NIP), partnerships between commercial banks and dedicated infrastructure lenders like IIFCL are crucial. This MoU is expected to streamline the credit appraisal process for developers and provide much-needed long-tenor debt for projects in roads, railways, and renewable energy.