IndusInd Bank (IIB) put up yet another good show in 4QFY16 with strong loan growth (28.5%), spread across both consumer finance (CF) and corporate segments. NIM was rock steady (3.94%, 3bps QoQ) notwithstanding the 25bps base rate cut. Robust fee growth (36% YoY) and stable CI (~47%) also helped. The bank grew CASA at a healthy ~20bps QoQ to ~35%, matching the strong BS growth.