ICICI Profit Rises 30% on Loans, Beating Estimates (Update3)
Oct. 24 (Bloomberg) -- ICICI Bank Ltd., India's biggest bank by market value, reported profit rose 30 percent, beating analysts' estimates, as accelerating economic growth spurred consumers to take out home and auto loans.
Source: www.bloomberg.com
'Tax incentives on home loans a complex issue'
Providing incentives or tax breaks for middle class people with mortgages may not achieve desired goals, says Finance Minister Trevor Manuel.
Source: www.iol.co.za
Credit cards' insidious effects may pose product liability issue
Several features of credit cards make them different from traditional forms of lending and encourage high levels of consumer debt by taking advantage of "consumers' cognitive and behavioral vulnerabilities," Adam J. Goldstein wrote in the latest issue of the University of Illinois Law Review.
Source: www.eurekalert.org
ICICI Bank Has 2nd-Highest Profit on Loan Growth (Update1)
Oct. 24 (Bloomberg) -- ICICI Bank Ltd., India's biggest bank by market value, reported its second-highest profit as accelerating economic growth spurred consumers to take out home and auto loans.
Source: www.bloomberg.com
Federal Home Loan Bank of New York Declares a 6.25% Dividend for the Third Quarter of 2006
Announcement from the President -- I am pleased to report that our Board of Directors has approved a dividend rate for the third quarter of 2006 of 6.25% . The dividend will be distributed to member financial institutions on October 31, 2006.
Source: biz.yahoo.com
