New Delhi, April 26 -- India's top private-sector banks reported a marked improvement in asset quality in the March quarter, with no visible stress in their loan portfolios despite the US-Israel-Iran war.

performing asset (GNPA) ratio either declined sequentially or remained stable, highlighting resilient credit performance across segments, largely due to lower slippages and stabilization in microfinance portfolios.

While HDFC Bank, ICICI Bank, Axis Bank, RBL Bank and Yes Bank continued to report sub-1.5% GNPA levels, others, such as IndusInd Bank and IDFC FIRST Bank, saw a moderation in stress over the previous quarter.

However, the improvement hides a cautious undertone, with lenders increasingly building buffers and stress-testing t...