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What measures do banks have to reduce fees and make profits?
Legal basis: Article 84 of the Law of People's Republic of China (PRC) Commercial Bank, if a staff member of a commercial bank takes advantage of his position, asks for or accepts bribes or accepts kickbacks or service fees in various names, which constitutes a crime, he shall be investigated for criminal responsibility according to law; If it does not constitute a crime, it shall be given disciplinary sanctions. Whoever commits the acts mentioned in the preceding paragraph, issues loans or provides guarantees, thus causing losses, shall bear all or part of the liability for compensation.
Article 84 If a staff member of a commercial bank takes advantage of his position to ask for or accept bribes, or accepts kickbacks or service fees in various names in violation of state regulations, which constitutes a crime, he shall be investigated for criminal responsibility according to law; If it does not constitute a crime, it shall be given disciplinary sanctions. Whoever commits the acts mentioned in the preceding paragraph, issues loans or provides guarantees, thus causing losses, shall bear all or part of the liability for compensation.
Article 84 If a staff member of a commercial bank takes advantage of his position to ask for or accept bribes, or accepts kickbacks or service fees in various names in violation of state regulations, which constitutes a crime, he shall be investigated for criminal responsibility according to law; If it does not constitute a crime, it shall be given disciplinary sanctions. Whoever commits the acts mentioned in the preceding paragraph, issues loans or provides guarantees, thus causing losses, shall bear all or part of the liability for compensation.
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