With considerably lower slippages of Rs 4,036cr (74% QoQ and 19% YoY), Gross NPA ratio declined by 25 bps QoQ to 9.7%. Notably, it was the lowest slippages recorded in the last eleven quarters. Net NPA ratio declined by 76 bps QoQ to 4.7% supported by accelerated provisions. As a result, provision coverage ratio (PCR) improved by 560 bps QoQ to 66.1%. ICICI Bank disclosed the quantum of its BB & below' rated exposure in corporate and SME book which stood at Rs24,630cr, of which, nearly 51% is already identified as stressed assets in the drilldown list, restructured loans and various other dispensations. Further, more than 55% of the remaining exposure pertains to accounts with outstanding of less than Rs100cr. Hence, the management is confident that slippages will remain lower in FY19E as...