If we believe the news then Statebank of India and TATA is working on a alliance by which TATA dealers will accept only loan from State Bank of India for TATA Nano. Furthermore, if anyone wants to buy it directly then will need to pay Demand Draft made from State bank of India only.
Currently SBI accounts for network of 13000 branches including its allied banks and when TATA's Nano is soon going to be people's car then why not to have a alliance with people's bank ie. SBI.
Certainly its first of its kind in India, not sure about other countries. Though the official announcement is not yet made but accept it soon.
People give your views please.
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