Last week, the US auto majors filed either bankcruptcy or trying to stave off bankcruptcy. On the other hand, the banks in India have "generously" come out with LOAN mela to woo its customers to "own" Nano. Some schemes are really attractive with lowest EMI's in the initial period. Not so long ago, in india, these banks were rigid in loan norms.
The stimulus package announced by the RBI made these banks to infuse capital to buttress the sagging economic growth from sliding further.
