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HDFC Bank pledges Rs 108 Cr for IISc’s Bagchi-Parthasarathy hospital

Parivartan, the bank’s CSR arm, has signed an MoU with the Indian Institute of Science (IISc) pledging Rs 107.76 crore to support three wings of the Bagchi-Parthasarathy Hospital coming up at the campus.

The Cardiology wing, Radiology wing, and Emergency Medicine wing will receive the bank’s support.

IISc is setting up a multi-specialty, not-for-profit, 832-bed hospital, called the Bagchi-Parthasarathy Hospital, along with a PG Medical School within its Bengaluru campus. The hospital is expected to be fully functional by the end of 2024 while the first batch of MD/PhD students will be admitted in the year 2025.

HDFC Bank has partnered with IISc for the first time with the aim of improving the healthcare infrastructure in the region, it said in a press statement.

The Cardiology wing is expected to see about 1,83,000 patients in the outpatient section and 18,300 patients in the in-patient section and train at least 20 super specialist doctors The Radiology wing is expected to benefit an estimated 4,28,326 patients in the first five years and train 20 super specialist doctors. The Emergency Medicine wing will benefit 56,304 patients and train 50 super specialist doctors, the statement said.

“HDFC Bank’s partnership with IISc Bangalore is aligned with our commitment to improve healthcare and medical infrastructure across the country,” said Ashima Bhat, Group Head, ESG & CSR at HDFC Bank. “The new hospital and the medical school will not only bolster the healthcare needs of the entire region but will also provide a new generation of physician-scientists.”

IISc director Govindan Rangarajan said, “After pursuing excellence in science and engineering research for 113 years, IISc has embarked upon a new frontier of clinical research through the establishment of the Bagchi-Parthasarathy Hospital and IISc Medical School. We are thankful to HDFC Bank for being a major partner in this new initiative.”

The bank’s focus areas for CSR activities include care for climate, rural development, education, skill development, healthcare & hygiene and financial literacy under Parivartan, the statement said.

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