On December 4, 2023, the Bijie Supervision Branch of the State Administration of Financial Supervision and Administration issued the Administrative Penalty Information Disclosure Form Bi Jin Jian Penalty Decision Zi 2023 No. 7, Nayong Fumin Village Bank (hereinafter referred to as Nayong Fumin Village Bank), which has illegal rebates and deposits.
In accordance with Articles 21 and 46 of the Banking Supervision Law of the People's Republic of China and relevant prudential business rules. The Bijie Supervision Branch of the State Administration of Financial Supervision and Administration fined Nayong Fumin Village Bank 350,000 yuan. The date of the penalty decision is November 23, 2023.
Article 21 of the Banking Supervision Law of the People's Republic of China: The rules for the prudent operation of banking financial institutions shall be prescribed by laws and administrative regulations, and may also be formulated by the banking supervision institution in accordance with laws and administrative regulations. The prudential business rules provided for in the preceding paragraph include risk management, internal control, capital adequacy ratio, asset quality, loss reserves, risk concentration, related party transactions, asset liquidity, etc. Banking financial institutions shall strictly abide by the rules of prudent operation.
Article 46 of the Banking Supervision Law of the People's Republic of China: If a banking financial institution has any of the following circumstances, it shall be ordered to make corrections by the banking regulatory institution and imposed a fine of not less than 200,000 yuan but not more than 500,000 yuan;If the circumstances are particularly serious or corrections are not made within the time limit, they may be ordered to suspend business for rectification or have their business licenses revoked;If a crime is constituted, criminal responsibility shall be pursued in accordance with law: directors or senior managers are appointed without qualification examination;Refusing or obstructing off-site supervision or on-site inspections;Providing false or concealed documents or materials such as statements or reports that conceal important facts;Failure to disclose information in accordance with regulations;Serious violation of prudential business rules;Refusal to carry out the measures provided for in article 37 of this Law.
This article is sourced from: the financial world.
Author: Tianyanjun.