MoneyWorks4Me

Canara Bank inks MoU with Biocon Foundation and OTTET

10 Mar 2014 Evaluate

Canara Bank has lent support to Biocon Foundation and OTTET (Orissa Trust of Technical Education) for a unique public-private partnership (PPP) with the Odisha Government to deliver e-healthcare programme for the underprivileged and rural communities in the State. Biocon Foundation has joined hands with OTTET to augment and implement a mega-ICT based e-Health project in the state. A MoU was signed between Biocon Foundation, Canara Bank and OTTET to take it forward.

Under this PPP, Biocon Foundation and OTTET will set up an electronic diagnostic facility, an e-Health Centre, managed by local young entrepreneurs, at all the Primary Health Centres (PHC) of the Odisha government. OTTET has been actively engaged in an e-Health program with the Government of Odisha through PPP to provide access to quality healthcare for 51,000 villages in Odisha.

Canara Bank has reported 42.39% fall in its net profit at Rs 409.35 crore for third quarter ended December 31, 2013 as compared to Rs 710.51 crore for the same quarter in the previous year. However, Total income of the bank has increased by 16.45% at Rs 10935.29 crore for quarter under review as compared to Rs 9390.29 crore for the quarter ended December 31, 2012.

Peers
Company Name CMP
State Bank Of India 982.55
PNB 115.55
Bank Of Baroda 234.90
Canara Bank 123.00
Union Bank Of India 176.80
View more..