Credit Appraisal Interview Questions and Answers for Freshers

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 Aad...read more

Cibil is a credit information company that maintains credit records of individuals and businesses.

• Cibil stands for Credit Information Bureau (India) Limited.

• It collects and maintains credit information of individuals and businesses.

• Cibil provides credit scores based on credit history and repayment behavior.

• Lenders use Cibil reports to assess creditworthiness of borrowers.

• A good Cibil score increases chances of loan approval at favorable terms.