Bank of Baroda, India’s International Bank, has entered into a strategic partnership with India Infrastructure Finance Company Ltd. (IIFCL) to jointly finance infrastructure projects across the country. The two institutions signed a Memorandum of Understanding to facilitate joint lending and loan syndication for a wide range of viable projects, spanning both established and emerging sectors.
The collaboration is expected to improve access to long-term capital for infrastructure developers and accelerate project execution at a time when infrastructure investment remains central to India’s growth strategy.
The MoU was signed in the presence of Palash Srivastava, Deputy Managing Director of IIFCL, and Lalit Tyagi, Executive Director of Bank of Baroda, underscoring the importance both organisations place on strengthening institutional cooperation.
Joint lending across sectors and regions
Under the agreement, Bank of Baroda and IIFCL will work together to identify, appraise, and finance infrastructure projects by leveraging their respective strengths. While IIFCL brings deep sectoral expertise and a long-standing focus on infrastructure finance, Bank of Baroda contributes its extensive nationwide banking network and balance sheet strength.
The partnership will support projects across traditional infrastructure areas as well as newer segments that are gaining policy and investor attention. By pooling resources and sharing risk, the two institutions aim to enable larger and more complex projects to reach financial closure more efficiently.
This approach is also expected to enhance loan syndication opportunities, allowing multiple lenders to participate in infrastructure financing under a coordinated framework.
Focus on sustainable and inclusive growth
Commenting on the partnership, Palash Srivastava said the collaboration aligns with IIFCL’s role as an ecosystem facilitator for development and infrastructure finance. He noted that IIFCL continues to build collaborative platforms with banks, NBFC infrastructure finance companies, and other financial institutions to address shared priorities.
As India progresses through the Amrit Kaal phase, Srivastava highlighted IIFCL’s focus on enabling long-term and sustainable financing, particularly in areas such as green infrastructure, MSMEs, and rural development. He added that these efforts are aimed at fostering inclusive and resilient economic growth while supporting national development objectives.
Expanding reach through collaboration
Lalit Tyagi said the partnership positions Bank of Baroda to expand its reach and deliver innovative financing solutions aligned with India’s infrastructure ambitions. With its broad national presence, the bank expects the collaboration to help it serve a wider range of infrastructure clients across regions and sectors.
Tyagi expressed confidence that combining the strengths and resources of both institutions would contribute meaningfully to Atmanirbhar Bharat and sustained economic growth. He also emphasised the importance of institutional partnerships in addressing the scale and complexity of India’s infrastructure needs.
Strengthening India’s infrastructure financing ecosystem
The MoU reflects a broader trend of collaboration between public sector financial institutions to support India’s infrastructure pipeline. With infrastructure playing a critical role in employment generation, productivity, and long-term competitiveness, such partnerships are seen as essential to mobilising capital efficiently.
By aligning development finance expertise with commercial banking capabilities, the Bank of Baroda–IIFCL partnership aims to support timely project delivery while reinforcing the overall resilience of India’s infrastructure financing ecosystem.
