An Indian man walks into the New York City bank and asks for the loan officer.
He informs the Loan Officer that he was going to India for some business for 2 weeks and needs to borrow $5,000.
The Loan Officer acquaints him about the security that the bank shall require in order to sanction the loan.
The Indian sits, thinks for a moment and without hesitation hands over the keys and documents of his new Ferrari parked on the street in front of the bank.
Now, this was an intriguing case for the loan officer to handle so he went to consult the president of the bank, he refers all the documents approves them to be original and valid and sanctions the loan.
The bank accepted the Ferrari as a security for the loan.
The bank president and the Loan Officer mocked the Indian at his back, for his peanut sized brain, that he kept his $750,000 Ferrari as a security and took only $5,000 for a loan.
So according to bank rules, the Ferrari was parked in the banks underground garage.
Two weeks passed by and the Indian returns and pays $5000 and the interest which comes to it $15.41.
Seeing this, loan officer says,
“Sir, we were very happy to have done business with you 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 happens to be a true story and
That Indian is none other than :
The Indian Businessman : An intriguing story
You may also like to read:
Concentration-The Necessary Evil
“I CAN and I WILL !” – World No Tobacco Day
Dead Poets Society
Colors for the...
Hey there delilah! Hey there dalilah, whats it like in New York city… sang Tom Higginson years ago. The recent status update by Ishita made me download the song again (I had long ago freed my lappy of all the songs a...
Life Scenarios Mind has its own endless reaches and possibilities. For each situation in our life our mind always creates two different outcomes, sometime we can recognize them and sometime not. But the outcome w...
Brain Computer Interface: The new age has come! “Time” changes everything. We are not that far from making a brain chip. As I researched on this topic for my presentation, I present the interesting parts for the geeky-meeky people. Do you think ...
What goes around usually comes around This is a true story that had happened in 1892 at Stanford University. It's moral is still relevant today.
A young, 18 year old student was struggling to pay his fees. He was an orphan, and not ...
How I met your sister (Part II) How I met your sister I
Wednesday JUNE 25th
By now we had developed a great friendship, in fact had entered that gray area between friendship and love that cannot be easily defined. We were stand...
The Age of AI
It is going to be the future -for machines, not to mention for us too. Most of us already know about it. The field of AI (Artificial Intelligence) research was founded at a conference on the camp...
Did you OccupyXStreet?
There is not much awareness in India about the wall street. Everyday I have seen friends just ignoring the headline Probably we don’t know what the fuss is about. Let us find out.
It’s a prote...
This Page is About:
top businessmen in india
indian top businessman
indian businessman images
ferrari indian story bank loan
american business man and indian businessman story
indian businessman new york bank loan car parking
top businessmans in india
billionaire who borrowed loan from a bank to park his car
Are you a gadget/gaming wizard? Would you like to write on gadgets, gaming, the Internet, software technologies, OSs and the works? Submit a sample of your writing here and if we like it, we will publish it!
Send your Movie Reviews
Watched a movie lately? Tell us whether we should watch it or just forget about it!
Send in your Movie Reviews to firstname.lastname@example.org or Submit Here