Indian Bank's gross NPA surged by 25% QoQ and 21.5% YoY to Rs120bn in 4QFY18 led by accelerated NPA recognition from loan under the RBI's different restructuring schemes owing to one-time impact of February 12th circular. Resultantly, the Bank's provisioning expenses spiked by 91.6% YoY and 68.4% QoQ to Rs15.5bn. Further, the Bank witnessed muted growth in NII (+18.3% YoY & 0.9% QoQ) owing to higher interest reversal led by sharp rise in fresh slippages. Thus, the Bank reported subdued pre-provisioning profit (+8.7% YoY and -3.8% QoQ), which along with higher provisioning led to 58.7% YoY and 56.5% QoQ decline in reported PAT to...