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636 bank branches set to close by the end of 2023 as access to cash drops | Personal Finance | Finance
By December, one in eight UK bank branches open in January would have closed, new figures show.
Almost three-fifths of the bank branch network have vanished since 2015 and a total of 636 bank branches are due to close by the end of this year, with 424 shut so far, analysis by Financial Times based on data from ATM provider Link shows.
As the year comes to a close, high-street banks are continuing to announce closures, forcing many people who rely on these buildings, to find other ways to bank.
Bank branch closures peaked in 2017, when 869 branches closed, at a rate of over 70 a month, according to Which?, which has been monitoring closures since 2015.
The consumer champion said 792 sites were shut in 2018, and 444 in 2019.
Some plans to shut branches were paused during the pandemic, and 369 were closed in 2020 But by the subsequent year, 735 bank branches closed, followed by 662 in 2022.
But the closures have raised concerns that many people will now have a limited access to cash.
The Government addressed the problem last month, with a framework document that aims to ensure that the majority of people and businesses would have to travel no more than three miles to access cash free of charge.
The Treasury said: “While the country is moving further away from using coins and notes with the number of online payments rising from 45 percent to 85 percent in the past 10 years, cash can still be an integral part of many businesses and people’s lives.”
The Financial Conduct Authority (FCA) can hold banks and building societies to the new rules, and has the power to fine them if they do not.
Derek French, a former NatWest executive, said; “For people who are less well off, they can find great difficulty in budgeting if you’re waving a phone or card and don’t get a receipt.
“Cash may be declining but I do think there’s a strong case for having it as an option when you look at the population as a whole.”
Chris Holmes, a Conservative peer and a long-time campaigner for greater equality around access to cash access, said: “What point is having access to cash if you have no place to spend it?
“It’s really critical that everyone understands that point, or there will be certain communities who risk being excluded.”
Sam Richardson, deputy editor of consumer rights magazine Which? Money said: “A closed bank branch doesn’t just mean one less place to withdraw or deposit cash locally.
“[It] also makes getting access to face-to-face banking services harder — something that is particularly important for more vulnerable customers.”
In addition to the more than 100 branches closing or closed in London this year, the cities of Southampton, Norwich, Dundee and Leeds will all lose multiple branches by the end of 2023.
Consumer group Which? estimates that after this year’s closures, there will be just over 4,000 branches left across the UK, with 5,600 having closed since January 2015, when it began tracking the data.
Banks have been cutting back expensive branch networks for decades, but the rate has grown with the increased uptake of digital alternatives in recent years and was supercharged by the pandemic.
Many of those unable to visit a local branch will soon find help in the shape of a banking hub, which are set to pop up across the country. Bank hubs are a collaboration between the Post Office and lenders in communities without branches. However, the speed of their rollout has been criticised due to slow release of them.
John Howells, chief executive of Link said: “I think we will see more branch closures, but crucially, we will see hundreds more banking hubs, and banks will have to stay open until that new hub is live.”
Seven of these hubs, which are managed by post offices, have already been launched, with more than 60 in total planned for across the UK.
The hubs are funded by the banks and designed to offer “back to basics” banking for communities who have seen traditional branches disappear. Customers are able to use the hubs, which are essentially shared bank branches, to deposit money, make withdrawals or pay utility bills.
Nearly all major banks are represented at the hubs, including Adam & Co, AIB, Bank of Ireland, Bank of Scotland, Barclays, Cahoot, Coutts, Co-Operative Bank, Danske, First Direct, Halifax, Handelsbanken, HSBC, Lloyds, Metro, Nationwide, NatWest, RBS, Santander, Smile, Starling Bank, TSB, Ulster Bank and Virgin Money
Trent Ltd. is set to announce results for the fourth quarter of FY26 this week. It is part of the Tata Group and a leading retail company specialising in fashion and lifestyle products. Important brands under Trent include Zudio, Westside and Utsa. Here’s everything you need to know about Trent’s Q4FY26 results schedule.
Trent Q4 Results: Date, Dividend, Bonus Issue
In an exchange filing dated April 17, Trent said that a meeting of its Board of Directors is scheduled on April 22 to consider and approve the audited standalone and consolidated financial results for the financial year ended March 31.
The Board of Directors will consider the recommendation of dividend, if any, on the equity shares of the company for the year ended March 31, subject to approval of the shareholders of the company.
It will also consider the issuance of bonus shares, subject to the approval of the shareholders of the company.
Trent Q4 Results: Trading Window Closure
The trading window of the company has been closed from March 25 to April 24 in compliance with SEBI rules to prevent insider trading.
Trent Q4 Results: Earnings Call
The company is yet to announce a schedule for an earnings call with investors and analysts.
Trent Q3 Results
Trent reported a 13.88% year-on-year (YoY) rise in consolidated total income to Rs 5,363.85 crore in Q3FY26 from Rs 4,710.20 crore in Q3FY25. Net profit grew 2.7% YoY to Rs 510.11 crore in Q3FY26 from Rs 496.54 crore in Q3FY25.
Trent Share Price History
Shares of Trent have risen 8.52% in the past five trading sessions on the NSE. In the past month, it has increased 27.52%, and in the past six months, it has declined 10.66%. On a year-to-date basis, Trent share price has fallen 0.40%. Over the past year, it has dropped by over 20%.
The stock hit a 52-week high of Rs 6,261 apiece on the NSE on June 30, 2025, and a 52-week low of Rs 3,275.5 apiece on March 30. Trent shares were trading 0.89% up at Rs 4,280.40 apiece on the NSE as of 10 a.m. on Tuesday. This compares to a 0.57% rise in the benchmark NIfty 50.
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Tilak Varma smashed a brilliant maiden IPL century to power the Mumbai Indians to a commanding 99-run victory over the Gujarat Titans on Monday, ending their four-match losing streak.
Varma remained unbeaten on 101 off just 45 deliveries, bringing up his hundred with a boundary off the final ball of the innings as MI posted 199 for five despite a shaky start.
Chasing the target, Gujarat Titans collapsed to 100 all out in 15.5 overs, with left-arm pacer Ashwani Kumar leading the charge with an impressive spell of 4 for 24. None of the GT batters managed to make a meaningful impact. GT’s downfall started right on the first delivery of their innings as Jasprit Bumrah got opener Sai Sudharsan caught by debutant Krish Bhagat. It was Bumrah’s first wicket of the season, the pace ace thus ended his five-match long wicket drought.
Earlier, MI found themselves under pressure in the powerplay after Kagiso Rabada struck with three wickets, finishing with figures of 3/33. Naman Dhir chipped in with a steady 45 off 32 balls, but it was Varma who anchored the innings with authority, smashing seven sixes and eight fours to end his lean run in style.
It is the first time that MI have managed to beat GT at the Narendra Modi Stadium. The win helped MI climb to the seventh place on the IPL points table while GT remain at sixth spot.
Brief scores:
Mumbai Indians: 199/5 in 20 overs (Tilak Varma 101*; Naman Dhir 45; Kagiso Rabada 3/33, Mohammed Siraj 1/25);
Gujarat Titans: 100 all out in 15.5 overs (Washington Sundar 26; Ashwani Kumar 4/24, Mitchell Santner 2/16)
IPL 2026 Table:
| Teams | Matches | Wins | Losses | No Result | Points | Net Run Rate |
| Punjab Kings (PBKS) | 6 | 5 | 0 | 1 | 11 | 1.420 |
| Royal Challengers Bengaluru (RCB) | 5 | 4 | 2 | 0 | 8 | 1.171 |
| Rajasthan Royals (RR) | 6 | 4 | 2 | 0 | 8 | 0.599 |
| Sunrisers Hyderabad (SRH) | 6 | 3 | 3 | 0 | 6 | 0.566 |
| Delhi Capitals (DC) | 5 | 3 | 2 | 0 | 6 | 0.310 |
| Gujarat Titans (GT) | 6 | 3 | 3 | 0 | 6 | -0.821 |
| Mumbai Indians (MI) | 6 | 2 | 4 | 0 | 4 | 0.067 |
| Chennai Super Kings (CSK) | 6 | 2 | 4 | 0 | 4 | -0.780 |
| Lucknow Super Giants (LSG) | 6 | 2 | 4 | 0 | 4 | -1.173 |
| Kolkata Knight Riders (KKR) | 7 | 1 | 5 | 1 | 3 | -0.879 |
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Dasun Shanaka has been handed a one-year ban from the Pakistan Super League (PSL) after a review found him guilty of breaching his contract with both the league and Lahore Qalandars. The Sri Lankan all-rounder had been signed for PKR 75 lakh for the ongoing PSL 2026 season.
The breach of contract happened when Shanaka withdrew from PSL and signed up with Indian Premier League (IPL) franchise Rajasthan Royals. RR signed the Sri Lankan all-rounder as the replacement of Sam Curran, who was forced to withdraw from the league due to an injury.
According to media release issued by the Pakistan Cricket Board (PCB), Shanaka’s withdrawal from the PSL constituted a clear breach of both the Player Registration terms and the Tripartite Agreement. The board stated that his reasons for leaving were not recognized under the contractual framework.
Also Read | MS Dhoni’s IPL Return: CSK Batting Coach Michael Hussey Shares Update On Recovery
Shanaka has expressed his regret for the breach of contract.
“I deeply regret my decision to withdraw from the HBL PSL and offer my sincere apologies to the people of Pakistan, the fans of HBL PSL, and the wider cricket community,” said the release quoting Shanaka.
“The HBL PSL is a prestigious tournament, and I fully understand the disappointment caused by my actions. To the loyal fans of Lahore Qalandars, I am truly sorry for letting you down. I must clarify that at the time I withdrew from the HBL PSL I had no intention of joining any other tournament,” Shanaka added.
“I have the greatest respect for Pakistani Fans and have always enjoyed my time in Pakistan. I hope to return to the HBL PSL in the future with renewed dedication and the trust of the fans.”
The PCB has said it has noted the player’s expression of regret and his stated passion for playing in Pakistan, however, the board emphasised that the seriousness of the violation required disciplinary action to protect the league’s integrity and exclusivity.
Shanaka is the third player this year who withdrew from the PSL and joined IPL. Before him, Zimbabwe’s Blessing Muzarabani and Australia’s Spencer Johnson also left PSL commitments for IPL deals.
Muzarabani had signed up with PSL side Islamabad United but when Kolkata Knight Riders offered him a deal, the pacer withdrew from the PSL and joined the three-time winners of the IPL. The 29-year-old has been slapped with a two-year ban from the PSL.
But Muzarabani hit back on his ban via a strongly-worded statement released by his agency on April 19. He said, “You simply cannot breach a contract you have never received.”
Similarly Johnson was expected to represent Quetta Gladiators in the PSL however the left-arm pacer joined five-time IPL winners Chennai Super Kings as the replacement for injured Nathan Ellis.
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