Mangaluru : Karnataka Bank has bagged the coveted ‘Best Bank Award for Evangelising Technology Adoption’ among small banks for the year 2014-15. The award has been instituted by the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad.

Managing director and CEO P. Jayarama Bhat received the award from Reserve Bank of India Governor Raghuram G Rajan recently at Hyderabad, said a release. Mr. Bhat was quoted in the release as saying, “These awards demonstrate the bank’s commitment to adopt innovative and state of art banking technologies for business as well as customer convenience.”