ICICI Bank today announced a commitment to contribute Rs 1,200 crore towards Tata Memorial Centre (TMC), a premier institution that runs cancer treatment and research centres across the country.

ICICI Bank will donate the money from its CSR funds to set up three new buildings spanning over a combined area of 7.5 lakh square feet and equip them with state-of-the-art machines at TMCs centres at Navi Mumbai in Maharashtra, Mullanpur in Punjab and Visakhapatnam in Andhra Pradesh.

With the largest contribution from any institution to TMC, ICICI Foundation for Inclusive Growth (ICICI Foundation), the CSR arm of ICICI Bank, will implement the initiative, which is likely to be completed by 2027.

With modern equipment and specialised multidisciplinary teams, these new centres of excellence in oncology treatment will provide advanced and evidence based therapies to nearly 25,000 new patients a year, doubling the present capacity and  providing a significant boost to the countrys cancer treatment infrastructure.

ICICI Foundation has signed an agreement with TMC to express this commitment. Mr. Sanjay Datta, President, ICICI Foundation and Dr. R. A. Badwe, Director, Tata Memorial Centre signed the agreement in the presence of Mr. Girish Chandra Chaturvedi, Chairman, ICICI Bank and Mr. Sandeep Batra, Executive Director, ICICI Bank.

Mr. Chaturvedi also inaugurated the ICICI MRI Facility today at Tata Memorial Hospital at Parel in Mumbai in the presence of Dr. Badwe and Mr. Batra. This facility is equipped with an advanced MRI machine supported by ICICI Foundation.

Speaking on the occasion, Mr. Girish Chandra Chaturvedi, Chairman, ICICI Bank, said: ICICI Bank has a long-standing legacy of being in service of the nation. In line with this philosophy, ICICI Foundation has been working continuously to improve the well-being of citizens through its various initiatives in the areas of environmental conservation, skill development for sustainable livelihood, affordable healthcare and community development projects. Over the years, ICICI Foundation has planted over 2.6 million trees across the country, created capacity of harvesting 17.1 billion litres annually of rainwater at 5000 rural schools and watershed structures, implemented rooftop solar panel for rural schools, benefitted more than 2.9 million lives through skilling initiatives, with more than half being women. It has also benefitted over 6.5 million individuals through its social initiatives and over 1.5 million lives through its healthcare initiatives. Overall, ICICI Foundation has positively impacted more than 10.9 million beneficiaries through its various initiatives.