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Banks Hold High Interest Rates To Detonate The "31 Phenomenon" &Nbsp; 10 Million Deposit One Day And Pay 80 Thousand Interest.

2011/4/12 9:51:00 23

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Bank High Interest Rate Illegal Storage

Despite repeated orders from state regulators,

Bank

At the end of the quarter

High interest rate

The behavior of collecting deposits is still surging.

Guo Tianyong, director of the China banking research center of Central University of Finance and Economics, recently revealed that in the exchange with bankers, a bank has paid interest to 10 million yuan in March 31st for 80 thousand yuan, so that the annual yield reached 100%.

In March this year, the CBRC called on all banking regulatory bureaus to conduct banks.

Illegal storage

Spot checks.

Under the supervision pressure, compared with last year, this year's Bank's high interest collection behavior has some convergence, mainly in the staff "point to point" level.

In March last year, banks openly posted notices at the door saying that according to the amount of deposits deposited by depositors, they were given physical feedback from different grades, such as eggs and cooking oil.

The high expected rate of return issued by many banks at the end of the quarter is considered to be a hidden high interest rate reserve, especially in March 31st.

A bank issued a financial product investment period of 4 days, the issue period is from March 28th to April 1st, the expected annual yield of 5%.

The pressure of small and medium-sized banks is relatively large.

The 2010 annual report issued by the listed banks shows that the loan to deposit ratio of many small and medium-sized banks is close to 75% of the regulatory red line.

The deposit and loan ratios of China Merchants Bank, Bank of communications, Shenzhen Development Bank, CITIC Bank, Minsheng Bank, Xingye Bank and Bank of China at the end of last year were 74.59%, 72.10%, 72.37%, 72.83%, 72.74%, 71.21% and 70.2% respectively.

In September last year, the CBRC had criticized the GFA bank, Huaxia Bank, Bohai bank, Everbright Bank, Ping An Bank and Agricultural Bank of the existence of "reward savings" and "high interest collection" and other irregularities.

At the same time, regulators require banks to change their performance appraisal methods. They should not check the deposit index at the end of the quarter, but establish an assessment system for the daily average deposit.

According to the identification of the CBRC, the 4 category of behavior is illegal storage: first, to raise interest rates arbitrarily; the two is to raise interest rates by unauthorized interest rates, interest rates on the upper set, rewarding savings, waiver or reimbursement of other business fees, giving gifts in kind or cash (including delivery cards, securities, etc.), raising interest rates in the form of providing domestic tours, paying customers' children to enter school fees, and arranging relatives' employment. Three, it is to pay deposit fees, joint storage fees and handling fees to the deposit intermediary; and four is to return cash, gift or shopping cards to customers through credit cards, purchase of financial products and third party depository.

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