Axis Bank dedicates Pediatrics Wing at IISc’s Bagchi-Parthasarathy Hospital

8th September 2022

Axis Bank, India’s third largest sector bank, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc), Bengaluru, pledging to dedicate the Pediatrics Wing at IISc’s new Bagchi-Parthasarathy Hospital.

The Axis Bank Pediatrics Wing will be equipped with the latest technology in neonatal care and will have twenty state-of-the-art Neonatal ICU (NICU) beds for the care of critically-ill neonates. The dedicated wing will also enable postgraduate students to undergo world-class training in pediatrics care and further contribute to the development of innovative solutions in this field. This will take forward the IISc Medical School’s ethos of creating a generation of physician-scientists, capable of melding clinical care with cutting-edge research. The Axis Bank Pediatrics Wing is expected to be operational by early 2025.

Commenting on the occasion, Prof Govindan Rangarajan, Director, IISc, said, “We thank Axis Bank for partnering with us in our quest to push the frontiers of clinical research through the establishment of the Axis Bank Pediatrics Wing. Innovation in neonatal and pediatric care is the need of the hour in a fast-developing country like India. Axis Bank’s support of the pediatrics wing at IISc will contribute to securing the health of our country’s future generations.”

Mr Subrat Mohanty, Group Executive, Axis Bank, said, “We are proud to partner with the Indian Institute of Science (IISc), India’s premier research institution, for the Pediatrics Wing at the Bagchi-Parthasarathy Hospital. Our aim is to achieve excellence in clinical research in the field of pediatrics and neonatal care that is critical for India. We hope this collaboration serves our community and the nation for a long time.”


Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 4,759 domestic branches (including extension counters) and 10,161 ATMs across the country as on 30th June 2022, the network of Axis Bank spreads across 2,702 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge and Axis Bank Foundation.

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