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PNB, IIFCL signs agreement to provide financing for viable projects

Tuesday, 04 Jun 2024
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Punjab National Bank (PNB) and India Infrastructure Finance Company (IIFCL) have signed an agreement to offer long-term financial assistance to viable infrastructure projects in India.

With this, both the institutions will collaborate to fund the infrastructure projects wherein the parties can mutually participate under consortium or multiple lending arrangements, and provide financial support to the prospective borrowers, subject to due diligence and on a case-to-case basis.

This MoU would be a milestone in creating new lending avenues to the infrastructure projects of the country.

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