IndusInd Bank's (IIB) Q1FY18 PAT at ~Rs 8.4 bn (up 26% YoY) was broadly in line with our estimate. The bank chose not to write back the provisions (one-off provision of ~Rs 1.2 bn against Jaypee loan account in Q4FY17) after the cement assets deal fructified in Q1FY18. Instead, it opted to strengt..