There are two companies being talked about very excitedly in Gujarat in these troubled times — Tatas and SBI who have reportedly tied up for Nano project.
The proposed agreement, according to the buzz in the market, is such that 12,000 SBI branches in the country will accept bookings down to the village level.
Besides, if you were to buy a Nano, once it rolls out from Pantnagar or Pune sometime in November, only SBI will offer direct loans to purchase the car. Even if you were not taking a loan, sources said, the only bank draft that all Tata Motors dealers will be accepting will be of SBI, which has already applied for a licence for a ‘Nano branch’ at Chharodi plant site.
This exclusive arrangement, sources further added, will also ensure that Tatas get all the finances required for Nano project from the country’s biggest public sector bank and the massive amounts that will be collected through bookings
will also remain parked in what is seen as the strongest bank.
The badly-bruised Gujarati investor is already thinking along the lines of Tata. People are withdrawing from other risky options like stocks, mutual funds, commodities etc and putting them in bank deposits, the public sector ones being more preferred.
Even among PSU banks, it is the SBI which is way ahead of others in terms of inspiring confidence among investors, also because it is offering more attractive returns on its most-popular 1,000-day deposits. SBI in Gujarat has collected Rs 1,500 crore in its fixed deposit schemes in the month of October alone.
.JPG)
No comments:
Post a Comment