The 38-year-old was handed the Navigator Award by festival director Barry Rivers during the weekend, reports contactmusic.com.
Banks wasn't the only winner at the annual movie event as Josh Radnor received the Triple Threat Award for his skills as a writer, director and actor. James Marsden was named the recipient of the Nova Award, which honours outstanding performance in film.
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Spotted: Anushka Sharma and Diljit Dosanjh at Mumbai studio