Sector: Banking /Small-Cap | Earnings Update 4QFY18 Background: Karur Vysya Bank (KVB) is one of the mid-sized banks in the private sector space, operates through a network of 790 branches and ~ 2,328 ATMs and cash recyclers. KVB's business - 82% is concentrated in South India with about 73% of its branch footprint in Tamil Nadu and Andhra Pradesh. As of 4QFY18 the total business stood at INR 1029bn. The bank is capitalized with a total CAR of 14.4% (Basel III). Gross NPAs were reported at 6.56% with...