PNB partners with IIFCL to provide financing for infrastructure projects

Punjab National Bank (PNB) and India Infrastructure Finance Company Limited (IIFCL) have signed an agreement to offer long-term financial assistance to viable infrastructure projects. With this, both the institutions will collaborate to fund the infrastructure projects wherein the parties can mutually participate under consortium/multiple lending arrangements to provide financial support to the prospective borrowers subject to due diligence and on a case-to-case basis.