ASM Saad

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

TBS Illustration
Economy

Financial account rebounds to over $4b surplus in 11 months

Photo: Collected
Banking

Banks turn to govt securities as private credit growth still sluggish at 4.98%

Sketch: TBS
Interviews

Built on trust, backed by governance: How BRAC Bank became Bangladesh's safest bank

National Bank wants to commercially lease the 12-storey headquarters tower, being constructed in Panthapath of Dhaka, to boost its income amid financial stress. Photo: TBS
Banking

National Bank wants to lease HQ tower to boost income, cenbank writes to govt requesting special facilities

Illustration: TBS
Banking

Finance ministry exempts Shinepukur Ceramics from Bank Company Act provision, approves Sonali Bank LC facility

Photo: Collected
Economy

LC settlement rate climbs to Tk123.55

MUFG Bank Photo: Collected
Bangladesh

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

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