On 29 July 2022, HDFC Bank Parivartan signed a Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc). Under the MoU, HDFC Bank Parivartan has pledged Rs 107.76 crore to support three wings of the Bagchi-Parthasarathy Hospital at IISc. The three wings to be supported by the Bank are the Cardiology wing, Radiology wing, and Emergency Medicine wing.
IISc is setting up a multi-speciality, not-for-profit, 832-bed hospital, called the Bagchi-Parthasarathy Hospital, along with a Postgraduate Medical School within its Bengaluru campus. The hospital is expected to be fully functional by the end of 2024 while the first batch of MD/PhD students will be admitted in the year 2025.