Slippages at record low; credit cost guidance appears conservative SBIN reported a strong 4QFY21, with GNPA/NNPA ratio improving to 4.98%/1.5% (v/s pro forma GNPA/NNPA of 5.44%/1.81% in 3QFY21), aided by benign slippages (lowest in the past 20 quarters barring the period of moratorium/SC prohibition). Slippages stood at 1.2% of loans (much better than other large Banks) in FY21, with impeccable Retail asset quality (slippages at 0.5% of loans). Restructured book stands at 0.7% of loans, well within the management's guided range....