Private sector lender South Indian Bank has bagged the award for 'IT implementation and management' for the second time this year.

The bank has been awarded the ‘Technology Excellence Award 2010' by IDRBT (Technical Arm of Reserve Bank of India).

The award was given out by RBI deputy governor Mr Anand Sinha at IDRBT Hyderabad.

CEO and MD of the bank, Dr V A Joseph received the award on the bank's behalf.