In a major boost for core sector funding, five state-owned lenders?Punjab National Bank, Canara bank, Bank of Baroda, Bank of India and Union Bank of India are tying -up with IL&FS for syndication of big-ticket loans. The new facility called ?Pan India Pooled Syndication Facility? will help for speedy financial closures of the large and national level core sector projects. ?We are already funding infra projects. However, the new tie-up will provide us an additional window to go for such loans in a big way. It will give us an opportunity to share individually business appraisal techniques of individual banks.” said, M Narendra, executive director, BoI.