Explanation:

About Cord Blood Banking:

• It is the blood from the baby that is left in the umbilical cord and placenta after birth.
• The banking involves taking the umbilical cord blood, which is a rich source of stem cells, and preserving it for future use.
• It contains special cells called hematopoietic stem cells that can be used to treat some types of diseases. Hematopoietic stem cells can mature into different types of blood cells in the body.
• According to Indian Council of Medical Research (ICMR),there is no scientific basis for preservation of cord blood for future self-use and this practice therefore raises ethical and social concerns. It does not recommend commercial stem cell banking.