IndusInd Bank (IIB) continues to report strong operating performance across parameters: (1) strong and diversified loan growth of 26%, (2) continued sequential uptick in margins, (3) strong CASA accretion, (4) stable asset quality with slippages of Rs 2.6bn i.e. 1.1% ann., (5) healthy fee growth of 23% and (6) stable C-I ratios even as bank continues to invest into the future growth. Core and net earnings were inline with estimates.