News That Matters

Tag: isn&#039t

All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: Report

All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: Report

Finance
MUMBAI: The 11 state-run banks, which are under the Reserve Bank's prompt corrective action (PCA) framework, has seen a 400 basis points increase in their share of retail loans at 19 percent of the system in the four years ending September 2018, says a report. The Reserve Bank began to place state-run banks under PCA framework first time in September 2016, when their NPAs soared beyond the regulatory tolerance levels. But the present data is for the period between March 2015 when their retail share was only from 15 percent and September 2018 when it rose to 19 percent, according to American brokerage Jefferies. A report by the brokerage said Friday it is often misreported that banks under PCA aren't allowed to grow (gross loans have indeed fallen 10 percent since March 2015). "Yet their re...
When using a robo-advisor is, or isn't, the right choice for investors

When using a robo-advisor is, or isn't, the right choice for investors

Finance
Whether you use Siri, rely on Alexa or have a Roomba, there's no escaping the fact that robots are part of our daily lives now. It's not a bad thing that we can automate some of life's most mundane, tedious tasks. Did you know that you could also get robots to help you with your finances? Whether they look like Silicon Valley tech start-ups or they're owned by old-school, traditional financial firms, robo-advisors have joined the mainstream. They are an appealing investment solution, especially if you're new to investing and don't know where to start. Before deciding to use an automated investment solution, you should consid...
Why a 20% raise isn't enough for Arizona teachers

Why a 20% raise isn't enough for Arizona teachers

Finance
These teachers work extra jobs to pay the billsArizona Governor Doug Ducey has pledged to give teachers a 20% raise by 2020. But teachers say that won't cut it. They voted for a statewide walkout, which will start next Thursday if their demands aren't met before then. They are asking for pay raises and increases to school funding every year until both hit the national average. Their demands specify a 20% raise immediately next year. But that wouldn't even bring their pay up to the national average. At $ 47,403, the average Arizona teacher's salary has fallen more than 10% since 1999 when adjusted for inflation. The national average is currently $ 58,950. Related: How states are changing teacher pensions Meanwhile, Arizona teachers have had to kick in a larger portion of their pay to the ...