Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL) inked an agreement to provide long-term financial assistance to viable infrastructure projects. The collaboration aims to fund projects through consortium/multiple lending arrangements, ensuring financial support to borrowers after due diligence. Atul Kumar Goel, MD & CEO of PNB, and Padmanabhan Raja Jaishankar, MD of IIFCL, officiated the signing ceremony. The memorandum of understanding (MoU) signifies a significant step in exploring new lending avenues for the country’s infrastructure projects, with both entities pledging full cooperation in this venture.
PNB and IIFCL Partner to Fund Infrastructure Projects
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