This steady depletion of bad debt, coupled with slowing fresh slippages, allowed banks to trim risk provisions. In the June quarter, total industry provisioning for bad debt fell to ₹25,448 crore—a sharp 41.61 per cent decline YoY. QoQ, however, there hasn't been any significant change in the amount. 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 ba ...