News That Matters

Tag: banks

Bank employees stage protest against Centre’s decision to merge PSU banks

Bank employees stage protest against Centre’s decision to merge PSU banks

Finance
Chennai: Members of the All India Bank Employees' Association on Saturday staged a protest here against the Centre's decision to merge 10 public sector banks into four entities. Employees of all public and private sector banks wore black badges to work as a mark of protest to the government's decision. The Association's General Secretary, C H Venkatachalam said the government's move was "ill timed" and needs a review. A rally opposing it was also planned by the Association, Venkatachalam told PTI. He alleged the merger of public sector banks would mean closure of six banks. The BJP government at the Centre had on Friday unveiled a mega plan to merge 10 public sector banks into four, to create fewer and stronger global-sized bankers as it looks to revive economic growth. Finance Minister Ni...
PPI claims: Banks hard to reach as deadline arrives

PPI claims: Banks hard to reach as deadline arrives

Business
Consumers say they are having problems making claims for mis-sold payment protection insurance (PPI) with just hours to go until the deadline.Santander's online complaints form stopped working on Wednesday night. NatWest's form also had issues. There have also been long waits to reach banks by phone amid a surge of last-minute calls.Customers have until 23:59 to make a claim as one the UK's biggest financial scandals draws to a close. Some customers vented their fury about the issues on Twitter. Skip Twitter post by @wozza180 @Barclays Any danger of someone picking up the phone on your ppi line.I waited over an hour just to be cut off last...
PSU banks told to discuss roadmap for industry

PSU banks told to discuss roadmap for industry

Finance
NEW DELHI: North Block has asked public sector banks to initiate a month-long consultation process with officers starting at the branch level to seek suggestions for preparing the future roadmap of the banking sector. “Branch level credit growth, non-performing assets recovery, performance of schemes such as Mudra would be reviewed," said a person familiar with the directive. The department of financial services has also circulated papers on nine subjects including digital payments, corporate governance, MSME credit authored by Nandan Nilekani, Uday Kotak, UK Sinha and Soumya Kanti Gosh. The move comes in the backdrop of a meeting held by finance minister Nirmala Sitharaman with public sector and private sector bank chiefs recently. The suggestions emanating from a monthlong campaign begin
Greta Thunberg: Caroline Lucas reports Arron Banks to Twitter

Greta Thunberg: Caroline Lucas reports Arron Banks to Twitter

Science
Green Party MP Caroline Lucas has complained to Twitter over a tweet by Brexit campaigner Arron Banks aimed at climate change activist Greta Thunberg.On Wednesday, Mr Banks referred to Ms Thunberg's sea voyage across the Atlantic and tweeted: "Freak yachting accidents do happen in August..."Ms Thunberg, who chooses not to fly, is sailing from the UK to attend UN climate summits in New York and Chile.Ms Lucas said she reported his comment, while Mr Banks said it was a joke."Arron Banks' vile tweet about @GretaThunberg makes me sick to the stomach," Ms Lucas wrote on Twitter on Thursday morning. "I have made a formal complaint to Twitter." A spokeswoman from Twitter said: "We don't comment on individual accounts for privacy...
Metro top and RBS bottom in banks’ customer ratings

Metro top and RBS bottom in banks’ customer ratings

Business
Customers have provided a ray of sunshine for Metro Bank as the embattled business topped official satisfaction ratings.Metro was joint top with First Direct, with 82% of personal British customers saying they would recommend the banks to their family and friends.Metro has seen its share price nosedive in recent months and is looking for a new chairman.RBS remained bottom of the twice-yearly customer rankings.The survey was the result of demands from the UK's competition authority to encourage switching and competition on customer service. Banks must prominently display the results in branches, on websites and apps.In Northern Ireland, HSBC was top of the ranking among personal customers, with a satisfaction rate of 77%. ...