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Q8. Consider the following 1. Under provisioning, banks have to set aside or provide funds to a prescribed percentage of their bad assets. 2. The percentage of bad asset that has to be ‘provided for’ is called provisioning coverage ratio. Which of the above statements are correct? |
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Answer» Q8. Consider the following 1. Under provisioning, banks have to set aside or provide funds to a prescribed percentage of their bad assets. 2. The percentage of bad asset that has to be ‘provided for’ is called provisioning coverage ratio. Which of the above statements are correct? |
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