Karur Vysya Bank extends CSR support to integrated Geriatric & Palliative care facility

Chennai, June 28, 2023: Karur Vysya Bank has extended support as a part of its CSR initiative to an integrated geriatric and palliative care facility at Visakhapatnam.  The bank has sanctioned a sum of Rs. 1.60 crores to Sneha Sandhiya Age Care Foundation towards construction of a block to care for the elderly and terminally ill patients.

Mr B Ramesh Babu, MD & CEO of Karur Vysya Bank handed over a demand draft for a sum of Rs. 50 lakhs to the Trustees of Sneha Sandhiya Age Care Foundation. This is the second tranche of funds released to the Foundation. The first tranche of Rs. 24 lakhs was released in March, 2023.

Speaking on the occasion Shri Ramesh Babu said, "There are few institutions that offer shelter to senior citizens and the seriously ill patients in times when they require all the care and comfort.  I am glad that Sneha Sandhya Age Care Foundation is offering this facility. KVB is happy to support this noble cause as part of its CSR initiative.  I commend the work of the trustees, doctors and staff of the Foundation."

A 100+ bed hospital is under construction at Gambheeram, Visakhapatnam. Geriatric care for elders will include outpatient clinics, Rehabilitation Care, Respite Care, Transitional Care, Long Term Care and Dementia Care.  Palliative care will include Home Care, Institutional Care and End of Life Care.  The facility will be made available to several people of vulnerable sections, free of cost. 

The final tranche of Rs. 86 lakhs is earmarked for essential medical equipment and will be released once the construction is fully completed.