ICICI Securities Ltd | Retail Equity Research Higher slippages at | 12569 crore and thereby elevated credit cost at | 5768 crore, led to losses of | 3102 crore. Out of slippages, | 4274 crore was due to revised RBI norms. Majority of slippages came from corporate and MSME segment. Divergence came in at | 2918 crore Absolute GNPA rose ~13% QoQ to | 56480 crore with GNPA ratio at 12.26%, ~119 bps rise QoQ. Post recognition of stressed assets, the watchlist (including SMA accounts) was at | 10,039 crore. Sectoral...