Guangxi Luocheng Rural commercial Bank was fined 750,000 yuan because of illegal equity pledge business

2022-04-26 0 By

China Network Finance on January 28, according to the CBRC official website news, the CBRC River Pool supervision branch published administrative penalty information disclosure form River Bank Supervision Penalty [2022] No. 1 shows that Guangxi Luocheng Rural Commercial Bank Co., Ltd. for violation of equity pledge business;Illegal organizations issue real estate community loans;In accordance with Article 46 of the Banking Supervision And Management Law of the People’s Republic of China, Hechi Supervision Sub-Bureau will impose a fine of RMB 750,000 on the client for failing to provide unified credit extension to the group customers. The penalty date is January 26, 2022.