Remain invested in Karur Vysya Bank: Ashu Madan

Ashu Madan of Religare Securities told CNBC-TV18, "We have recommended Karur Vysya Bank at around Rs 400 levels for medium-term investors to buy in spite of entire broad indices are weak, banking is weak, it had defied all logics of banking. So this kind of outperformance will continue to be shown by Karur Vysya Bank and as things turnaround, five years is a good period, Karur Vysya Bank will outperform all others. So definitely a hold."At 15:20 hrs Karur Vysya Bank was quoting at Rs 494.60, up Rs 13.30, or 2.76 percent on the BSE.