15^th July,

Vellore-Federal Bank, as part of its CSR initiatives, signed two MoUs with Christian Medical College Vellore, one in support of the construction of a new pharmacy college and the other for cancer patient support through the Sanjeevani initiative.

The MoU exchange ceremony was held at CMC Vellore’s Town Campus, with key dignitaries Mr. KVS Manian, Managing Director & CEO, Federal Bank, and Dr. Vikram Mathews, Director, CMC Vellore.

The construction of a new pharmacy college at CMC Vellore, Bagayam, is supported by Federal Bank Hormis Memorial Foundation with a grant of ₹13.73 crore. The 40,476 sq ft facility will rise on 2.5 acres of land. The Pharmacy College will be the first of its kind in the district of Vellore to train a new generation of pharmacists in the highest standards of pharmacy education. The college will feature cutting-edge laboratories, lecture halls and research facilities, ensuring that students receive a world-class education that will prepare them for the complexities of modern-day pharmacy practice. With an expected annual intake of 60 undergraduate students, the college is slated to commence admissions for the academic year 2026–27.

Additionally, the partnership for cancer patient support through Sanjeevani initiative of Federal Bank which began last year will continue this year too. 764 cancer patients have received subsidies for cancer treatment at CMC Vellore, for pre-diagnostic tests, treatment like chemotherapy and radiotherapy and for medication.

“At Federal Bank, we firmly believe in fostering partnerships that generate enduring value for individuals, institutions, and society at large. Cancer continues to be one of the most formidable challenges of our time, impacting families not only medically but also emotionally and financially. We are proud to have been associated with Sanjeevani which started as an awareness initiative. As an extension of that we ventured into cancer care and patient support through Sanjeevani. We needed partners we could bank on, and CMC Vellore stood out as a beacon of trust and excellence and that is how this association was born. Today as we extend this collaboration by supporting the new pharmacy college, our CSR program is evolving into a multi-dimensional mission encompassing awareness, patient care, medical education, medical infrastructure and in future possibly also into caregiver support. Through this holistic approach, Federal Bank is shaping a circle of healing that embraces everyone.” said KVS Manian, MD & CEO, Federal Bank.

Dr. Vikram Mathews, Director CMC Vellore, said, “Excellence in education, research, and service being our core values, I am grateful to Federal Bank Hormis Memorial Foundation for extending support to our pharmacy college and cancer treatment subsidies. With these upcoming new developments, we are looking forward to further expanding our reach in education and holistic care for cancer patients.”

About Federal Bank

Federal Bank (NSE: FEDERALBNK) is a leading Indian private sector bank with a network of around 1589 banking outlets and 2080 ATMs/Recyclers spread across the country, and the Bank’s total business mix (deposits + advances) stood at ₹ 5.18 Lakh Crore as on 31st March 2025. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 16.40 % as on 31st March 2025. Federal Bank has Representative Offices in Dubai and Abu Dhabi that serve as a nerve centre for Non-Resident Indian customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance TecCity (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an organisation that offers services beyond par. It has a well-defined vision for the future as a guidepost to its progress.

About CMC Vellore

Top-Ranked Educational, Healthcare and Research Institute in India

The Christian Medical College Vellore, located in Vellore, Tamil Nadu, is a 3,701-bed multi-speciality healthcare institution of international repute. CMC’s primary, secondary, tertiary and quaternary-care hospitals are spread across the Vellore and Ranipet districts of Tamil Nadu and the Chittoor district of Andhra Pradesh. Together, we serve over 34 lakh patients every year, from around the country and South Asia, offering charitable subsidies of over Rs 400 crore.

In the field of education, CMC Vellore has consistently been ranked #3 by the Ministry of Education, Government of India. Medical, Nursing and Allied Health education is offered at CMC Vellore to over 3000 students every year, through 236 courses, at a fraction of the actual cost. Around 6010 students also benefit from Distance Education programmes. Research is a key focus with funds of over Rs 100 crore dedicated, every year, to finding locally relevant solutions to the pressing healthcare needs of today. Outreach is a central pillar of CMC’s mission, with community health programmes covering local populations of around 5 lakh and a network of 170 partner hospitals bringing vital and affordable healthcare services to rural and marginalised communities across the country. Website
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