IndusInd Bank reported a strong set of numbers for Q1FY2011 with a 77% jump in NIIs to 295.7 crore and PAT growth of 37% to Rs 118.6 crore yoy. The NIMs improved 13 bps to 3.3% on better yield management. The fee income has shot up by 50% yoy to 129.6 crore. The loan book grew at a robust 31% yoy while its deposits grew by 27%. CASA ratio at 24.3% was up by 410 bps yoy (while over sequential quarter it grew by 70 bps) while cost of deposits improved by a whopping 167 bps to 5.98%. Asset quality has also witnessed significant improvement with gross and net NPAs improving to 1.26% (-20 bps) and 0.38% (-63 bps) yoy. The performance has been in line with the banks vision to improve productivity, profitability and efficiency, expand network to build scale and geographic reach, build the brand and improve on margins and return ratios.