What is Kyc and what is cibil

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KYC stands for Know Your Customer and is the process of verifying the identity of customers. CIBIL is a credit information company that maintains credit records of individuals and businesses.

KYC is a regulatory requirement to prevent identity theft, money laundering, and terrorist financing.
CIBIL is one of the credit bureaus in India that collects and maintains credit information of individuals and businesses.
KYC involves verifying customer identity through documents like Aadhar card, PAN card, passport, etc.
CIBIL provides credit scores based on an individual's credit history and repayment behavior.
Both KYC and CIBIL are important for credit appraisal to assess the creditworthiness of customers.

What is Kyc and what is cibil

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