ICICI Bank on Friday announced a commitment to contribute ₹1,200 crore towards Tata Memorial Centre (TMC), to expand infrastructure at three cancer treatment hubs.
The proposed donation is the largest made under corporate social responsibility (CSR) by an Indian company towards cancer care. ICICI Bank will donate the money from its CSR funds to set up three new buildings spanning over a combined area of 750,000 square feet at TMC’s centres in Navi Mumbai, Mullanpur in Punjab and Visakhapatnam, and equip them with high-end radiology machines.
The donation is the largest made under corporate social responsibility (CSR) by any Indian firm towards cancer care. TMC will become the referral centres for southern and northern India, providing therapy to almost 25,000 new patients annually equipped with high-end radiology machines and specialised multidisciplinary teams. The bank will allocate almost 50% of its CSR funds to support this initiative in the next three years, likely to be completed by 2027.