The first quarter FY18 results season is upon us and the first week produced two reports of interest. South Indian Bank reported net interest income ahead by 23% and net profits ahead by 6.7%. The results were well received because the bank is now seen as having appropriate non-performing loans provisions. TCS reported sales ahead by 1% but profits reduced by 6%. The company came under some margin pressure in the quarter and suffered from the relative strength of the Rupee.