This is a rare milestone for the Indian banking industry. In the preceding March quarter, at least one lender (IndusInd Bank Ltd) had 1 per cent net NPAs.   What’s more, in the entire universe of listed Indian banks, only nine banks have half per cent or more (but less than 1 per cent) net NPAs – three public sector banks (PSBs) and six private banks. They are Bank of Baroda (50 basis points or bps), Bank of India (51 bps), City Union Bank Ltd (61bps), The Jammu & Kashmir Bank Ltd (60 bps), Punjab & Sin ...