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Tag: Bank Guideliness

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Govt Issues Guidelines: Banks Must Consider New Borrowers Beyond CIBIL Score

Govt Issues Guidelines: Banks Must Consider New Borrowers Beyond CIBIL Score

Govt Issues Guidelines: Following the government’s announcement, it made it clear that banks could not deny an application of loan from new borrowers merely on the grounds of a low or absent CIBIL score. The aim of this decision is to strengthen financial inclusion so that first-time credit seekers are not unreasonably excluded from the […]

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