Indusind Bank (IndusB) demonstrated strong performance for Q1FY19 on both financial and operational fronts. NII grew by 19.6% YoY, C/I ratio reduced to 44.2% and the bank also maintained robust asset quality with 2bps QoQ decline in GNPA to 1.15%. Gross slippage reported at Rs4,750 mn (Rs8,600 mn in Q4FY18) and restructured book condensed to 0.05% of advances. While NIM reduced 5bps to 3.92% due to large increase in cost of funds compared to yield on advances, margin is likely to expand in coming quarters as yield to factor in 70 bps increase in MCLR since Nov'2017. Advances grew by 29.4% YoY and besides the strong...