Dhaka, July 1 -- All scheduled banks across Bangladesh will suspend transactions on Tuesday, Jul 1, due to the annual bank holiday, while the stock market will also remain closed as a result.

The Bangladesh Bank's calendar designates two bank holidays each year-- on Jul 1 and Dec 31 -- for banks to close their books.

While customer transactions will be halted, the head offices and key branches of all banks will remain open to reconcile accounts and prepare half-yearly reports.

On Jul 1, banks compile their mid-year financial statements, while Dec 31 is reserved for finalising the fiscal year-end reports.

During the holiday, branches collect and consolidate data to produce the banks' annual financial reports.

Published by HT Digital C...