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How Indian mind works. is it soooooo????

This is a discussion on How Indian mind works. is it soooooo???? within the HOT Debates - The Big Fight forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; NOT A STORY BUT A TRUE INCIDENT An Indian man walks into a bank in New York City and asks ...

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How Indian mind works. is it soooooo????
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rouger
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How Indian mind works. is it soooooo???? - June 12th, 2009

NOT A STORY BUT A
TRUE INCIDENT

An Indian man walks into a bank in
New York City and asks for the loan officer.
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 of security for the loan,
so the Indian man hands over the keys
and documents of new Ferrari parked
on the street in front of the bank.
He produces the title and everything checks out.
The loan officer agrees to accept
the car as collateral for the loan.

The bank's president and its officers
all enjoy a good laugh at the Indian
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's
underground garage and parks it there.

Two weeks later, the Indian returns,
repays the $5,000 and the interest,
which comes to $15.41.
The loan officer says,
"Sir, we are very happy to have had your business,
and this transaction has worked out very nicely,
but we are a little puzzled.
While you were away,
we checked you out 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
for two 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 shining
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Re: How Indian mind works. is it soooooo????
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Wink Re: How Indian mind works. is it soooooo???? - June 13th, 2009

Quote:
Originally Posted by rouger View Post
NOT A STORY BUT A
TRUE INCIDENT

An Indian man walks into a bank in
New York City and asks for the loan officer.
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 of security for the loan,
so the Indian man hands over the keys
and documents of new Ferrari parked
on the street in front of the bank.
He produces the title and everything checks out.
The loan officer agrees to accept
the car as collateral for the loan.

The bank's president and its officers
all enjoy a good laugh at the Indian
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's
underground garage and parks it there.

Two weeks later, the Indian returns,
repays the $5,000 and the interest,
which comes to $15.41.
The loan officer says,
"Sir, we are very happy to have had your business,
and this transaction has worked out very nicely,
but we are a little puzzled.
While you were away,
we checked you out 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
for two 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 shining
That's a nice story my friend,
this is quite true of Indian who can find many ways to save money.
That is why Russell Peters, the Canadian born Indian comedian says that Indians are "cheap"....



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FATIMA COOVADIA
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Re: How Indian mind works. is it soooooo???? - June 14th, 2009

Hi

I think it is a bit of genius combined with fact!
   
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