Robust trend in business growth and profitability continued' Indusind Bank Ltd. (IndusB) posted strong performance for Q3FY18, in line with our estimates, on business growth as well as financial parameters. Credit book of the bank expanded by 25% YoY and low cost deposits share increased to 43% leading to 20% YoY expansion in NII. While the growth remained robust, IndusB maintained stable assets quality (GNPA-1.2%) and NIM at ~4.0% during the quarter. We prefer IndusB mainly owing to its likely robust advances & deposits growth and improving productivity, which could drive PAT by 29% CAGR over FY17-20E, with RoA of 1.9%...