Very Intersting : Don't Miss it.....

$rik@nth

student

222 Points Joined January 2008

excellent

$rik@nth

student

222 Points Joined January 2008

but i dont believe such a rich person is not having parking place

one more thing is if we offer a moveable property as security, that property will be hypothecated and only the documents wil be kept by the bankers

Ronak Dagliya

CA

332 Points Joined July 2008

I also had heard this story before.

Shweta

CA Final Student

305 Points Joined March 2008

nice one!

CA Mohit Agarwal

Chartered Accountant

1025 Points Joined January 2009

Hi

Cool..........

varun gandhi

student

91 Points Joined September 2008

really gread yaar....

mohit

article

51 Points Joined August 2009

No Gaurav dats not right even in india many richest persons dont have parking for there car............

Preeti

CA- Final

168 Points Joined February 2009

very right said

mohit

article

51 Points Joined August 2009

proud to be an indian

CA. Shikha

Chartered Accountant

4143 Points Joined November 2007

Too Gud

VARUN

PCC STUDENT

523 Points Joined April 2009

gud hai yar .......

Rock on

CA Final

340 Points Joined May 2008

Yaar

This is the old one

but nice

Mohit Joshi

01

89 Points Joined August 2009

i also heard this story in bhagwan lal sir account class...........

Dharmender Kumar Kaushik

manger- taxation

22 Points Joined July 2009

Originally posted by :ANKIT BANSAL
"	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 ----------------------------------------------------------------------------------------------- Reminder IF U Like this FORUM then do not forget to thank me by clicking on thump up icon below my image bye PLEASE REVERT BACK WITH UR VIEWS	"