On September 4, according to the administrative penalty disclosure issued by the People's Bank of China Ganzi Tibetan Autonomous Prefecture Branch, the Derong County sub-branch of Agricultural Bank Of China Limited was sanctioned for improperly retaining fiscal deposits or funds.
The bank's sub-branch received a formal warning and was fined 112,600 yuan (approximately 11.36万元) for the violation, as detailed in the official penalty notice.
This action underscores the central bank's continued oversight on compliance with fiscal fund management regulations by financial institutions operating in the region.
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