Nine months after it filed for bankruptcy protection and sold its brokerage to Barclays, Lehman Brothers Holdings is still fighting with the British bank over who owns what, including the investment bank&rsquo;s own furniture.

Lehman-Barclays &#39;furniture&#39; fight intensifies

Business Standard

SBI cuts term deposit rates

Outward remittances towards education and travel have shown sharp rise with more students opting to study overseas and more Indians increasingly preferring to holiday abroad.

Outward remittances rise; education, travel top the list

Press Trust of India

Expecting exponential growth in the next five years, private lender Yes Bank today said it will raise $400 million (about Rs 2,000 crore) by means of equity through a follow-on public offer, and debt.

Yes Bank to raise $400 mn via equity, debt

Lauding the government and RBI for saving the day for India with conservative banking norms, ICICI Bank Chairman KV Kamath today said any further reforms in the sector should wait as global banks are in &lsquo;disarray&rsquo;.

Banking reforms can wait: Kamath

The yield on the government bonds is likely to show a hardening trend on apprehensions about the huge borrowing programme of the Centre and states.

Govt bond yield may show hardening trend

Outward remittances increase; education, travel top the list

Three overseas financial giants have evinced interests to pick up 26 per cent stake in UTI AMC, where four stakeholders including LIC and SBI have 25 per cent stake each.

Foreign firms may buy UTI AMC's 26% stake

The government is beginning a review of the administered interest rate structure for small savings schemes and plans to set up a committee headed by a former Reserve Bank of India (RBI) governor to suggest a roadmap for possible decontrol.

Small savings rate up for review

Germany has come forward to fund a 15 million euro Tripura government project for socio-economic development of tribals and forest resource management.

Germany to fund 15 mn Euro Tripura project

The Indian rupee depreciated by 16 paise against $ in early trade today taking cue from weak Asian currencies and expectations of capital outflow by foreign funds in the domestic equities which are likely to open in the negative.

Rupee weakens by 16 paise on Asian cues

The Indian rupee fell by 26 paise to 47.87 against the greenback in morning trade today in tandem with weak equity market and firm $ overseas.

Rupee drops further by 26 paise on weakness in local stocks

LIC Housing Finance today sold 18.3 per cent of stake in LIC Mutual Fund to Japanese Financial services company, Nomura, expecting to garner Rs 138-crore.

LIC Housing sells 18.3% stake in LIC MF to Nomura

Leading private sector life and general insurance company, Bajaj Allianz Life Insurance has launched Invest Plus, which offers upfront minimum guaranteed investment returns at the beginning of each year, a company statement said here.

Bajaj Allianz Life Insurance launches Invest Plus

Japan&rsquo;s Nomura will pay about Rs 138 crore ($29 million) to buy 19.3 per cent stake in LIC Mutual Fund as part of a deal to acquire 35 per cent stake, a top official of a group firm of the Indian money manager said. The deal values the fund firm at $149.3 million, or about 2.5 per cent of its May average assets of nearly Rs 28,600 crore.&rdquo;We have got around 39.3 per cent stake in LIC Mutual Fund,&rdquo; RR Nair, chief executive of LIC Housing Finance, said. &ldquo;Twenty percent we will be holding back. The balance will be offloaded to Nomura.

Nomura to pay Rs 138 cr for 19% of LIC MF stake

All urban cooperative banks (UCBs) will now be permitted to declare dividends on shares without prior approval of the Reserve Bank of India (RBI), provided they meet certain conditions, according to a notification by the central bank.

Now, UCBs don't need RBI nod for dividend

Public sector Allahabad Bank is looking to raise Rs 1,000 crore in the current financial year.

Allahabad Bank may raise Rs 1k crore

The Central Vigilance Commission (CVC) has asked public sector banks (PSBs) to fix accountability for small loans that turn into non-performing assets. The CVC, after an audit of some PSBs, has written to the chiefs of the banks that a cut-off amount was fixed and there was no accountability below that level. The letter was sent late last month.

Small bad debts are big, fix accountability: CVC to PSBs

Central Bank of India plans to rope in private equity (PE) players for making investments.

Central Bank may rope in PEs to tackle weak borrowers

Banks have sought relaxation in norms for classifying loans to delayed infrastructure projects as sub-standard assets even as the Reserve Bank of India (RBI) has indicated its unwillingness to ease the group exposure ceiling.

Banks seek more sops for core financing

Former PNB chief takes over as the 51st deputy governor of RBI.

Chakrabarty hints at small savings rate cut

Finance News: Latest investing news and finance headlines straight from Business Standard.

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Lehman-Barclays 'furniture' fight intensifies