ASM Saad | The Business Standard

ASM Saad is a Staff Correspondent at The Business Standard who covers the banking and financial sector. He can be reached at asm.saad25@gmail.com

MUFG Bank Photo: Collected

Bangladesh

Japan's MUFG Bank expresses interest in launching a branch in Bangladesh

Banking

Cenbank won't cut policy rate, weighs re-imposing 4% cap on bank spreads

Representational image. Photo: Collected

Banking

Distressed loans soar to Tk10.87 lakh crore, swallowing 59% of bank credit

At the time of independence, the price of USD 1 was just Tk7.7. The current kerb market rate per $1 is Tk124 reflecting a 94% erosion of value over 50 years. Photo: TBS

Economy

Cash still accounts for 67.2% of transactions in Bangladesh despite cashless push

Illustration: Ashrafun Naher Ananna/TBS Creative

Banking

Banks hit by Tk7,550cr remittance incentive backlog

Illustration: TBS

Budget

External debt drops by $2.6b as repayment burden surges

File image of Bangladesh Bank. Photo: BSS

Banking

Cenbank positive on China’s cross-border payment system proposal, Panda bond

A man walks past the lobby of the Export-Import Bank of China (EXIM) headquarters in Beijing, China, 13 June 2017. REUTERS/Thomas Peter

Banking

China Exim Bank delegation to discuss CIPS, Panda Bonds with BB

Illustration: Duniya Jahan/TBS

Economy

Current account deficit narrows despite wider trade gap as remittance inflows remain strong

Illustration: TBS

Economy

Private sector credit growth stands at 4.75% in April

Protesters gather outside Islami Bank’s head office in Motijheel demanding the removal of the newly appointed chairman as police disperse them using water cannons, sound grenades, tear gas and baton charges. Photo: TBS

Banking

Fresh tension erupts at Islami Bank over leadership and control

Photo: Collected

Banking

Bankers warn 3% ceiling may render trade finance unviable, seek rate revision

Representational image: Photo: Collected

Banking

Private sector credit growth drops to all-time low of 4.72%