The Power of Leverage

An Indian man walks into a 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 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 and park into the bank’s underground garage. 

Two weeks later the Indian returns and pays $5000 and the interest which comes to $15.40. Seeing this, the 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 are a Multi-millionaire. What puzzled us was why would you bother to borrow $5000?”

The Indian man replies "Where else in New York City can I park my car for 2 weeks for only $15.40 and expect it to be there when I return??“

The Indian man is none other than… VIJAY MALLYA, Kingfisher Airlines’ Billionaire Chairman. 

VIJAY MALLYA, Kingfisher Airlines’ Billionaire Chairman