Karur Vysya Bank has donated to an integrated geriatric and palliative care facility in Visakhapatnam as part of its CSR project. Sneha Sandhiya Age Care Foundation has been granted Rs. 1.60 crores for the construction of a block to care for the elderly and terminally ill patients.
Shri B Ramesh Babu, MD & CEO of Karur Vysya Bank, presented the Trustees of Sneha Sandhya Age Care Foundation with a demand draft for Rs. 50 lakhs. This is the Foundation’s second instalment of funds. In March 2023, the first tranche of Rs. 24 lakhs was released.
“There are few institutions that offer shelter to senior citizens and seriously ill patients in times when they require all the care and comfort,” Shri Ramesh Babu said on the occasion. I am grateful that Sneha Sandhya Age Care Foundation provides this service. KVB is pleased to contribute to this worthy charity as part of its CSR strategy. I applaud the work of the Foundation’s trustees, doctors, and employees.”
Karur Vysya Bank
A 100-bed hospital is being built in Gambheeram, Visakhapatnam. Outpatient clinics, Rehabilitation Care, Respite Care, Transitional Care, Long Term Care, and Dementia Care will all be part of geriatric care for the elderly. Home care, institutional care, and end-of-life care will all be part of palliative care. Several people will be able to use the facilities.
The final payment of Rs. 86 lakhs is designated for necessary medical equipment and will be released once the work is completed.
Karur Vysya Bank has 808 branches and 2230+ ATMs and cash recyclers. The bank’s finances are based on three pillars: growth, profitability, and asset quality.
As of 31.03.2023, the bank’s overall business was worth Rs. 1,40,806 crores, with a deposit base of Rs. 76,638 crores and advances of Rs. 64,168 crores. Last fiscal year, the bank earned the greatest first-ever four-digit net profit of Rs. 1,106.09 crore.