SBI in exclusive agreement with Tata Motors for Nano

State Bank of India (SBI) today said it has entered into an exclusive agreement with Tata Motors on the bookings of the Nano through its countrywide network.

Through the agreement, around 1,350 branches of SBI in 850 cities would assist in the booking process of the Tatas' Rs 1 lakh car, the bank said in a press release issued here.

Booking forms will be distributed and application forms with the booking amount will be collected through SBI's branches.

The forms will be available at more than 11,111 branches of the ban, the release said.

Apart from extending loans for Nano purchase, the refund to unsuccessful applicants will take place through SBI branches, the release said.

The sale of application forms and acceptance of booking amounts at SBI branches will be from April 9 to April 25, 2009, it said.

SBI will be using its cash management product, SBI Fast, for the processing and has also set up a 24x7 helpline to facilitate the booking process, the release said.