Indian Bank has delivered in line operating performance in 3QFY18 driven by (a) sharp growth in NII (+30.2% YoY & +5.1% QoQ) aided by 34bps YoY improvement in domestic NIMs to 2.9%; (b) stellar business growth in Retail (+34.3% YoY & +6.2% QoQ), MSME (+34.9% YoY & +4.6% QoQ) and domestic corporate (+15% YoY & +7.9% QoQ) segments; and (c) a strong 27.6% YoY growth in core fee income led by higher commission, exchange and brokerage. However, PAT declined by 18.9% YoY and 32.9% QoQ to Rs3.03bn owing to sharp surge in provisioning expenses (+70% YoY & +23.3% QoQ to Rs9.2bn) led by higher provisioning towards MTM loss on non-HTM bond portfolio (Rs4.7bn in 3QFY18 vs. Rs388mn in 2QFY18 & Rs12mn in 3QFY17). Led...