Xiaocaifeng AI News 5 On November 11, the punishment information disclosed on the official website of the State Administration of Financial Supervision and Administration showed that the project loan was granted due to exceeding the project progress; Failure to strictly implement the requirements of entrusted payment and actual loan and payment, and the credit funds have been detained in the borrower's account for a long time; The post loan management was not in place, the credit funds were misappropriated, and the Lincang Branch of Fudian Bank Co., Ltd. was fined 900000 yuan by the Lincang Supervision Branch of the State Financial Supervision and Administration. The basis for administrative punishment is: Articles 21 and 46 of the Banking Supervision Law of the People's Republic of China and the relevant prudential operation rules.
