Karur Vysya Bank received IDRBT (Institute for Development and Research in Banking Technology) award in recognition of its efforts towards technology implementation, resulting in improved customer service and convenience. The bank receives the award for consecutive seventh year. It also received the ‘Best Bank Award for Electronic Payment Systems’ among small banks for the year 2014-15. KVB MD K Venkataraman received the award from RBI governor Raghuram Rajan.