Bank of Baroda, IIFCL join forces to power India’s infrastructure boom

The partnership aims to accelerate the development of key infrastructure initiatives, supporting India’s ambitious growth agenda.

The MoU was signed in the presence of Palash Srivastava, Deputy Managing Director, IIFCL, and Lalit Tyagi, Executive Director, Bank of Baroda. Under the agreement, the two institutions will collaborate to jointly finance diverse infrastructure projects across established and emerging sectors, leveraging their respective strengths and expertise.

Speaking on the collaboration, Palash Srivastava said, "This partnership with Bank of Baroda is a natural extension of IIFCL’s role as an ecosystem facilitator for infrastructure finance. By building collaborative platforms with banks, NBFC-IFCs, and other financial institutions, we aim to address issues of common interest. As India moves through the Amrit Kaal, IIFCL is actively supporting national objectives by enabling long-term and sustainable financing for infrastructure, with a focus on green finance, MSMEs, and rural projects—fostering inclusive and resilient economic growth."

Lalit Tyagi added, "Bank of Baroda’s extensive nationwide presence, combined with this collaboration with IIFCL, positions us to extend our reach and deliver innovative financing solutions that support India’s infrastructure ambitions. By combining our strengths and resources, we are confident in continuing to serve our customers and contribute meaningfully to the vision of Atmanirbhar Bharat and sustained economic growth."

The MoU reflects a strong commitment by both institutions to drive infrastructure development, support sustainable financing, and strengthen India’s economic growth trajectory.