#Daily_One_Banking_Term
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➡ What is Provisioning:
▪️ Provisioning is made for the likely loss in the profit and loss account while finalizing accounts of banks.
▪️ All banks are supposed to make assets classification and make appropriate provisions for likely losses in their balance sheets.
➡ What are Public Sector Bank:
▪️ A bank fully or partly owned by the Government.
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