Arivukanru walks into a bank in Chennai City and asks for the loan officer. He says he is going to Europe on business for two weeks and needs to borrow Rs.5,00,000.
The bank officer says the bank will need some kind of security for such a loan, so the man hands over the keys of his latest BMW car parked on the street in front of the bank. Everything checks out, and the bank agrees to accept the car as collateral for the loan. An employee drives the BMW car into the bank's underground garage and parks it there.
Two weeks later, the man returns, repays the Rs. 5,00,000 and the interest, which comes to 500. The loan officer says, "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 multimillionaire. What puzzles us is why would you bother to borrow Rs.5,00,000?"
Arivukanru replied, "Where else in Chennai can I park my BMW car for two weeks for 500 rupees?"
The bank officer says the bank will need some kind of security for such a loan, so the man hands over the keys of his latest BMW car parked on the street in front of the bank. Everything checks out, and the bank agrees to accept the car as collateral for the loan. An employee drives the BMW car into the bank's underground garage and parks it there.
Two weeks later, the man returns, repays the Rs. 5,00,000 and the interest, which comes to 500. The loan officer says, "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 multimillionaire. What puzzles us is why would you bother to borrow Rs.5,00,000?"
Arivukanru replied, "Where else in Chennai can I park my BMW car for two weeks for 500 rupees?"
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