On a positive note, the slippages were at the lowest level in last 15 quarters as it declined by 47% QoQ in Q2FY18. As a result, Gross/Net non-performing asset (NPA) ratios improved by 43/23 bps sequentially to 12.6%/6.5%. However, one of the major concerns was the 80 bps QoQ increase in SMA-2 loans to 4.4% which raises doubt on the sustainability of lower slippages. Further, while upgradations and recovery declined by 61% QoQ, write-offs increased by 20% QoQ. Moreover, the overall stressed loans remained at ~20%, and the RBI...