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SIB gets award for excellence in banking tech (BS 11.09.06) The South Indian Bank (SIB) has won a special award for excellence in banking technology from the Institute of Development and Research in Banking Technology (IDRBT). The institute, which is the technical arm of the Reserve Bank of India (RBI), has presented the award to the bank in recognition of the excellent contribution made in the area of information systems policies and practices. SIB was the only old generation private sector bank to receive this prestigious award.