BoB ties up with German KfW for $130m to refinance solar units
22 फरवरी 2019
BoB ties up with German KfW for $130m to refinance solar units
Mumbai, Feb 22 (PTI) State-run Bank of Baroda has tied up with Germany's KfW Development Bank for funding of USD 113 million to refinance solar projects.
The tie-up is part of an Indo-German Solar Energy Partnership signed in 2015, an official statement Friday.PTI AA BEN
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About Bank of Baroda Bank of Baroda
(“The Bank”) established on 20th July 1908 is a State-owned banking and financial services organisation, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.
Bank of Baroda is India’s leading public sector bank with a strong domestic presence supported by self- service channels. The Bank’s distribution network includes 8,200+ branches, 10,000+ ATMs, 1,200+ self-service e-lobbies and 20,000 Business Correspondents. The Bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 20 countries. The Bank has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and Baroda Asset Management India Ltd. Bank of Baroda also has joint ventures for life insurance viz. IndiaFirst Life Insurance Company Limited and India Infradebt Ltd., engaged in infrastructure financing. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.