APRA announced that it has authorized Xinja Bank Limited as a restricted authorized deposit-taking institution (Restricted ADI) under the Banking Act 1959. On the APRA website, the register of authorized deposit-taking institutions lists APRA-regulated institutions, including Australian-owned banks, foreign subsidiary banks, branches of foreign banks, building societies, credit unions, restricted ADIs, other ADIs, and providers of purchased payment facilities.
Keywords: Asia Pacific, Australia, Banking, Restricted ADI, Xinja Bank Limited, Banking Act, APRA
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