Punjab National Bank (PNB), and India Infrastructure Finance Company Limited (IIFCL), have signed a MoU at PNB Corporate Office in , New Delhi. With this step, both the institutions will collaborate to fund the infrastructure projects wherein the parties can mutually participate under consortium/multiple lending arrangement to provide financial support to the prospective borrowers subject to due diligence and on case to case basis.
A signing ceremony for the MOU took place, with Atul Kumar Goel, MD & CEO of PNB, and Dr. Padmanabhan Raja Jaishankar, MD of IIFCL. The occasion was graced by all Executive Directors of PNB, along with senior executives from both PNB and IIFCL. This MOU shall be a milestone in finding new avenues of lending to the infrastructure projects of the country and they assured full participation from both sides in this endeavour.
