Three Chongqing sub-branches of Industrial Bank have been hit with administrative penalties for loan business violations. The Dadukou sub-branch was fined 250,000 yuan for inadequate loan checks, and the responsible person Zheng Hua was fined 50,000 yuan. The Gaoxin sub-branch was fined 250,000 yuan for issuing loans without genuine funding needs, and the responsible person Zhao Ying was fined 50,000 yuan. The Jiulongpo sub-branch was also fined 250,000 yuan for inadequate loan checks, and the responsible person Su Yang was fined 50,000 yuan. The penalties were announced by the National Financial Regulatory Administration on July 24.
Industrial Bank Co LtdThree sub-branches fined total 750,000 yuan for loan violations, indicating regulatory scrutiny and potential operational issues.