An Indian man walks into a bank in New York City and asks for the loanofficer.
He tells the loan officer that he is going to India on business for two weeks and needs to borrow $5,000.
The bank officer tells him that the bank will need some form ofsecurity for the loan, so the Indian man hands over the keys to a newFerrariparked on the street in front of the bank. He produces the title and everything checks out. The loan officer agrees to accept the car ascollateral for the loan.The bank's president and its officers all enjoy a good laugh at theIndian for using a $250,000 Ferrari as collateral against a $5,000 loan.An employee of the bank then drives the Ferrari into the bank'sunderground garage and parks it there.Two weeks later, the Indian returns, repays the $5,000 and theinterest, which comes to $15.41.The loan officer says, "Sir, we are very happyto have had your business, and this transaction has worked out verynicely,but we are a little puzzled. While you were away, we checked youout and found that you are a multi millionaire. What puzzles us is, why would you bother to borrow "$5,000"The Indian replies: "Where else in New York City can I park my car fortwo weeks for only $15.41 and expect it to be there when I return'"Ah, the mind of the Indian...
This is why India is shiningAmazing isnt it?
nice artical
ReplyDelete