Bangladesh Building Collapse Leaves 70 Feared Dead In Dhaka (VIDEO) (PICTURES)

An eight-story building collapse in the Bangladeshi capital, Dhaka, has left at least 70 dead and 200 injured, officials said.

The building housed a clothing factory, a bank and several shops, crashing down in the early morning rush hour, according to the BBC.

Bangladeshi civilian volunteers assist in rescue operations after an eight-storey building collapsed in Savar, on the outskirts of Dhaka

Rescue workers and the army are frantically digging through rubble to save survivors buried under slabs.

Local police chief Mohammad Asaduzzaman told Reuters factory owners appeared to have ignored a warning not to allow their workers into the building after the crack was detected.

Building regulations in Dhaka have come under scrutiny in recent months, with many building in the densely-populated city erected without permission and not complying with construction regulations.

In November last year, 112 workers were killed in a fire at a factory on the outskirts of Dhaka.