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What is the purpose of CIBIL?


PRADEEP KUMAR 24th Feb, 2023
Answer (1)
PRADEEP KUMAR 24th Feb, 2023

CIBIL is India's first credit information company, and its main purpose is to maintain a comprehensive database of credit-related information of individuals and companies in India. This information is used by banks and other lenders to assess the creditworthiness of borrowers and make informed lending decisions.

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