Strong core PPoP growth; Asset quality pressures likely to recede in FY17 Indian Bank (INBK) reported 1QFY17 PAT of INR3.1b (+43% YoY, 87% beat), led by strong core PPoP growth (+25% YoY) and lower-than-expected credit costs (1.3%). Slippages declined to INR8.3b (2.7% of loans, annualized) v/s INR29.2b in 4Q. GSL ratio stood at 12.0% v/s 11.6% in 4QFY16. Management expects the run-rate in...