Bank of Baroda is part of a consortium of lenders that have come together to provide a $1.1 billion credit facility to Indian steel giant, JSW Steel Ltd. The consortium is led by Bank of Baroda, and includes Bank of India, Bank of Maharashtra, Canara Bank, State Bank of India, and Union Bank of India. The credit facility has been extended to JSW Steel to meet its working capital needs. This is the second time that Bank of Baroda has come together with other lenders to provide such a facility to JSW Steel. The first time was in 2011, when a consortium of 11 banks provided a $1.7 billion loan to the company. The new loan will help the steel giant to meet its working capital requirements, and will help to strengthen its financial position. The loan will also help JSW Steel to finance its capital expenditure, which is expected to increase in the coming years. The loan will also help JSW Steel to finance its expansion plans, which include setting up new plants in India and abroad. The company is also looking to acquire assets abroad, and the new loan facility will help to finance these acquisitions. The loan is expected to be repaid in five and a half years, with the interest rate set at 11.75%. Bank of Baroda will be the leader of the consortium, and will monitor the progress of the loan. This is not the first time Bank of Baroda has taken a lead role in providing credit to large companies. The bank has also provided loans to companies such as Reliance Industries, Tata Steel and Hindalco. This loan to JSW Steel is a major step forward in the bank's efforts to increase its presence in the corporate lending market. It is expected that the loan will help to further strengthen the relationship between Bank of Baroda and JSW Steel.