APRA grants new authorised deposit-taking institution licence to Xinja Bank

The Australian Prudential Regulation Authority (APRA) has granted Xinja Bank Limited a licence to operate as an authorised deposit-taking institution (ADI) without restrictions under the Banking Act 1959.

Xinja Bank Limited was previously licensed by APRA in December 2018 as a Restricted ADI.

An updated list of all APRA-authorised ADIs can be found on the APRA website at https://www.apra.gov.au/register-authorised-deposit-taking-institutions.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.