Karnataka Bank has bagged the ‘Best Bank Award for Evangelising Technology Adoption’ among small banks for 2014-15.

A press release by the bank said here on Monday that the award was instituted by the Hyderabad-based Institute for Development and Research in Banking Technology (IDRBT).

P Jayarama Bhat, Managing Director of the bank, received the award from RBI Governor Raghuram Rajan in Hyderabad recently.