Karur Vysya Bank has bagged the Best Bank Award for Business Intelligence Initiatives among small banks.

The bank's Managing Director and Chief Executive, K Venkataraman, received the award from the Governor of Reserve Bank of India, Raghuram G Rajan.

The IDRBT Banking Technology Excellence award is for 2013-14.

IDRBT has recognised KVB for this award for the sixth year in a row.