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FINANCIAL CHRONICLE™ » FUN CHRONICLE™ » Interesting Story :D

Interesting Story :D

2 posters

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1Interesting Story :D Empty Interesting Story :D Thu Oct 06, 2011 8:24 am

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

An Indian man walks into the New York City bank
and asks for the loan officer. He tells the Loan Officer that he was going to India
for some business for 2 weeks and needs to
borrow $5,000. The Loan Officer tells him that the bank will need
Some form of security for the loan. So the Indian man hands over the keys and the
documents of the new Ferrari car parked on the
street in front of the bank. The loan officer consults the president of the bank,
Produces all the required items and everything
check out to be OK. The loan officer agrees to accept the car as a
security for the loan. The bank president and the Loan Officer had a
good laugh at the Indian
For keeping a $750,000 Ferrari as a security and
taking only $5,000 has a loan. An employee of the bank then drives the Ferrari
Into the banks underground garage and parks it
there. Two weeks later the Indian returns and pays
$5000 and the interest which comes to it $15.41. Seeing this, loan officer says, “Sir, we are very happy to have your business
And this transaction has worked out very nicely,
but we are a little puzzled.
While you are away, we checked you out and
Found out that you were a multi millionaire. What puzzled us was why would you bother to
borrow $5000?” The Indian replies
"Where else in the New York City can I park my
car for 2 weeks and
For only $15.41 and expect it to be there when I
return".
This is a true incident and the Indian is none other than... "VIJAY MALLYA

2Interesting Story :D Empty Re: Interesting Story :D Thu Oct 06, 2011 11:13 am

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

No wonder why he is a successful business man!

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