Punjab Nationwide Financial institution (PNB), a number one public sector financial institution, has signed a memorandum of understanding with India Infrastructure Finance Firm Ltd (IIFCL), a state-owned firm, to collaborate in financing of infrastructure initiatives.
Below this collaboration, the events can mutually take part underneath consortium/a number of lending association to supply monetary assist to the potential debtors topic to due diligence and on case-to-case foundation.
The MoU was exchanged between Atul Kumar Goel, MD & CEO of PNB and Padmanabhan Raja Jaishankar, Managing Director of IIFCL within the capital on Monday.
This MOU is predicted to be a milestone to find new avenues of lending to the infrastructure initiatives of the nation.
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