On August 18, according to the administrative penalty disclosure issued by the People's Bank of China Aba Tibetan and Qiang Autonomous Prefecture Branch, the Aba Branch of Agricultural Bank Of China Limited was penalized for unlawfully withholding fiscal deposits or funds.

The bank received an official warning and was ordered to pay a fine of 347,700 yuan. This enforcement action underscores regulatory scrutiny over the handling of government-related funds, highlighting the importance of strict compliance with fiscal deposit regulations.

The penalty, announced through the central bank's local branch, serves as a reminder to financial institutions to adhere to monetary and fiscal policies, ensuring that all deposits are managed and transferred in accordance with established legal requirements.