Union Bank of India, Bank of Baroda (BoB) and Indian Renewable Energy Development Agency (IREDA) have entered into Memorandum of Understanding (MoU). These agreements will facilitate co-lending and loan syndication for a wide range of renewable energy projects.
IREDA is a non-banking financial institution engaged in extending financial assistance for setting up projects related to new and renewable sources of energy and energy efficiency/conservation.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.
