Bank of Baroda, IIFCL sign pact for joint lending of infrastructure projects
This story was originally published at 22:06 IST on 21 January 2026
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NEW DELHI – Bank of Baroda Wednesday announced the signing of memorandum of understanding with India Infrastructure Finance Co. Ltd. to enable joint lending and loan syndication for infrastructure projects. "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," a press release from the bank said.
IIFCL is a wholly-owned government unit set up in 2006 to provide a long-term financial assistance to infrastructure projects. The company raised funds both domestically and internationally to provide long-term financial assistance to infrastructure projects.
According to the latest data, Bank of Baroda's global advances rose 14.6% on year to INR 13.44 trillion as of Dec. 31. Of these, domestic advances were up 13.5% at INR 10.96 trillion, while domestic retail advances grew at a quicker 17.3% on year to INR 2.85 trillion. On Wednesday, shares of the bank closed 1% lower at INR 299 on the National Stock Exchange. End
Reported by Sagar Sen
Edited by Akul Nishant Akhoury
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