Improvement in the credit appraisal process, upturn of the business cycle, new initiatives for resolution of NPLs (including promulgation of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act), and greater provisioning and write-off of NPLs enabled by greater profitability, have contributed to the reduction in incremental NPLs.
I would also suggest that PDs may consider providing two way quotes for liquid securities in various tenors in the odd lot segment. The list of securities can be identified and published by PDAI on quarterly basis.