PNB SIGNS MOU WITH India Infrastructure Finance Company Limited (IIFCL)

0
185
PNB Signs MOU with IIFCL
PNB Signs MOU with IIFCL
0 0
Azadi Ka Amrit Mahoutsav

InterServer Web Hosting and VPS
Read Time:55 Second

PNB SIGNS MOU WITH India Infrastructure Finance Company Limited (IIFCL)

New Delhi, June 03, 2024: Punjab National Bank (PNB), nation’s leading Public Sector Bank, and India Infrastructure Finance Company Limited (IIFCL), a wholly-owned Government of India company set up in 2006 to provide long-term financial assistance to viable infrastructure projects have signed a Memorandum of Understanding at PNB Corporate Office in Dwarka, 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 Shri 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.

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Advertisements

USD





LEAVE A REPLY

Please enter your comment!
Please enter your name here