Not long ago, public sector banks had taken a fancy to financing the world's cheapest car - Tata Nano. This time around, it is the cancellation of the loans that is keeping them busy.
Customers of Nano are queueing up to cancel their bookings, having to pay interest on their loans long before getting possession of the vehicle. It is said that over a tenth of Nano's initial bookings now stand cancelled.
Text: Business Standard
Images courtesy: tatamotors.com/ AP/ AFP