BEIJING: China appears to be considering further reforms to its foreign exchange market such as reduced state meddling and freer trading of the yuan, but analysts are sceptical about its efforts to relax currency controls.

A newspaper run by China's central bank published a front page story on Wednesday in which experts called for less government intervention in the country's foreign exchange market and a wider trading band for the Chinese currency, reports AFP.

The article is a sign that the People's Bank of China is mulling the reforms and wants to avoid a repeat of August 2015 when its surprise announcement of a near two percent devaluation rocked global financial markets.

"I do think there is a good reason for them to want to provide advance warning to market participants that a move might be coming," said Julian Evans-Pritchard, China economist at Capital Economics.

But Evans-Pritchard said the changes would be "cosmetic" because the yuan rarely hits the limits of its current trading range and government intervention has been minimal in recent months as worrying capital outflows eased.

If there were an increase in outflows "they would jump back in", he said.

The Financial News article also comes after the central bank said in May that it was considering changing its mechanism for guiding the yuan's value, an announcement widely interpreted as a sign Beijing would tighten its grip despite pledges to allow market forces to play a larger role.

Al-Arafah Islami Bank Managing Director Md Habibur Rahman presides over a meeting titled ‘Meet the Clients’ at its Pagla branch premises in the capital on Tuesday.

Al-Arafah Islami Bank Limited Pagla branch arranged a ‘Meet the Clients’ programme in the city on Tuesday.

Chairman of Executive Committee of the Bank Alhajj Hafez Md. Enayet Ullah inaugurated the programme as chief guest, said a press release.
Managing Director Md.

Habibur Rahman presided over the ceremony.

Among others, Deputy Managing Director S. M. Jaffar, Head of AIBL Dhaka Central Zone Manir Ahmad were present.

Country's largest bank SBI has waived charges for fund transfer of up to Rs 1,000 through its IMPS (Immediate Payment Service) to promote small transactions.
State Bank of India had been charging Rs 5 along with the applicable service tax for IMPS fund transfer of up to Rs 1,000.
IMPS is an instant interbank electronic fund transfer service through mobile phones as well as internet banking.
"In order to promote small ticket size transactions, SBI has waived off IMPS charges for transfer up to Rs 1,000," the bank said while informing about the revised IMPS transfer charges under the Goods and Services Tax (GST) regime.
For IMPS, charge will be Rs 5 along GST for fund transfer in the range of Rs 1,000 to Rs 1 lakh. The charge will go up to Rs 15 for transactions of Rs 1-2 lakh.
GST at the rate of 18 per cent is applicable on all financial transactions.

Md. Ashraful Mokbul, Chairman of Sonali Bank Limited, presiding over a special meeting with Bangladesh Bank on audit report of 31st December 2015 at Sonali Bank\'s head office on Wednesday. Md. Obayed Ullah Al Masud, Managing Director of the bank were pre

Omar Farooque, Managing Director of Union Bank Limited, unveiling a new product named \'Mudaraba Barakah Deposit Scheme\' at a function in the capital on Sunday. Additional Managing Directors of the bank Syed Abdullah Mohammed Saleh and ABM Mokammel Hoque