APRA Licenses Xinja Bank as Authorized Deposit-Taking Institution
APRA granted Xinja Bank Limited a license to operate as an authorized deposit-taking institution without restrictions, under the Banking Act 1959. Xinja Bank Limited was previously licensed by APRA in December 2018 as a restricted authorized deposit-taking institution.
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 authorized deposit-taking institutions, other authorized deposit-taking institutions, and providers of purchased payment facilities.
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Keywords: Asia Pacific, Australia, Banking, Banking Act, Xinja Bank Limited, Digital Banks, APRA
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