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HDFC banks Parivartan signs MoU with IISc Bengaluru

Published on August 02, 2022
Current Context: HDFC Parivartan signed a deal worth Rs 107 crore with the Indian Institute of Science (IISc) Bengaluru.
HDFC banks Parivartan signs MoU with IISc Bengaluru
  • HDFC Parivartan bank's CSR arm signed a memorandum of understanding with the Indian Institute of Science pledging Rs 107.76 cr for the construction of Bagchi-Parthasarathy hospital at IISc.
  • The bank will support the cardiology, radiology, and emergency medicine wing of the hospital.
  • IISc Bengaluru will set up a not-for-profit, 832-bed hospital called Bagchi-Parthasarathy Hospital along with PG medical school within its campus.
  • The hospital will be operational by the end of 2024 and the first batch of MD/Ph.D. students will be inducted in the year 2025.
  • This is the first time HDFC bank has partnered with IISc with an aim to improve healthcare infrastructure in the region.


Q.1 Which bank's CSR arm will partner with IISc to set up Bagchi-Parthasarathy Hospital in the IISc campus in Bengaluru?
a. Axis bank
b. HDFC bank
c. Federal bank
d. ICICI bank
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