APRA revokes Xinja Bank’s authorised deposit-taking institution licence

The Australian Prudential Regulation Authority (APRA) has revoked Xinja Bank Limited’s authorised deposit-taking institution (ADI) licence under the Banking Act 1959. Xinja Bank last month completed its return of deposits process after announcing its intention in December to exit the banking industry.

An updated list of ADIs can be found on the APRA website at: Register of authorised deposit-taking institutions.

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