Media Releases
APRA authorises new Restricted ADI
The Australian Prudential Regulation Authority (APRA) today announced it has authorised Xinja Bank Limited as a restricted authorised deposit-taking institution (Restricted ADI) under the Banking Act 1959.
More information on the Restricted ADI licence framework can be found at: https://www.apra.gov.au/media-centre/media-releases/apra-finalises-new-restricted-adi-licensing-framework.
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.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.