ICICI Bank to donate Rs.1,200 crore to Tata Memorial Centre to enhance cancer-care facilities

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ICICI Bank has announced a generous contribution of ₹1,200 crore to the Tata Memorial Centre (TMC), an organization dedicated to cancer treatment and research across India.

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Through its corporate social responsibility (CSR) funds, the private sector bank will donate the funds to establish three new buildings in Navi Mumbai (Maharashtra), Mullanpur (Punjab), and Visakhapatnam (Andhra Pradesh). These buildings will cover a combined area of 7.5 lakh square feet and will be equipped with state-of-the-art machines.

TMC, with the support of ICICI Foundation, the CSR arm of ICICI Bank, aims to complete this initiative by 2027. The establishment of these new centers of excellence in oncology treatment will significantly expand the capacity to provide therapies for approximately 25,000 new patients annually, effectively doubling the existing capacity.

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Girish Chandra Chaturvedi, Chairman of ICICI Bank, expressed his commitment to promoting healthcare and emphasized that this initiative will enhance comprehensive cancer-care services in various regions of the country. Patients will gain access to advanced and the latest cancer therapies through this effort.

Furthermore, these new buildings will serve as regional referral centers, reducing the need for patients to travel long distances to visit the Tata Memorial Hospital in Mumbai’s Parel area.

Dr. R. A. Badwe, Director of Tata Memorial Centre, stressed the importance of delivering advanced cancer care closer to people’s homes. The additional infrastructure being added to the three hospitals in Navi Mumbai, Visakhapatnam, and Mullanpur will ensure timely and high-quality treatment at subsidized costs for individuals in these regions.

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