Rural Commercial Bank of Chengdu Fined 735,700 Yuan for Regulatory Violations
Deep News
Sep 11
On September 11, financial news reported that according to the administrative penalty publicity table from the Sichuan Branch of the People's Bank of China, Chengdu Rural Commercial Bank Co., Ltd. has been penalized for multiple regulatory breaches.
The bank was found to have violated regulations on account management, clearing management, financial technology management, and anti-counterfeit currency business management. Additionally, it was cited for occupying fiscal deposits or funds and breaching rules related to credit information collection, provision, and inquiry.
As a result, the institution received a warning and was fined a total of 735,700 yuan for these infractions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.