Indian Bank has delivered a healthy operating performance in 4QFY17. Its operating profit surged by 29.3% YoY and 4.8% QoQ to Rs10.7bn led by strong growth in NII (22.1% YoY & 11.1% QoQ to Rs13.9bn) and relatively lower (7.6% YoY and 9.1% QoQ) opex at Rs9bn. However, provisioning expense increased by 49.3% QoQ to Rs8.1 bn due to higher Mark-to-Market (MTM) provisioning on non-HTM investment portfolio. Loan growth revived sequentially by 12.1% to Rs1,411bn led by strong growth retail and SME segment. Fresh slippages declined to Rs6.3bn in 4QFY17 compared to Rs9.3bn in 3QFY17 and Rs33.9bn in 4QFY16. Along with moderation in fresh slippages, standard restructured loan book also declined to 3.1% of loan book as against 4.72%...