What is the purpose of CIBIL?

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What is the purpose of CIBIL?

PRADEEP KUMAR 24th Feb, 2023

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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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