APRA revokes Xinja licence
Mortgage Business 02 March 2021 The regulator has officially revoked Xinja’s banking licence, following the completion of its return of deposits. The Australian Prudential Regulation Authority (APRA) has revoked Xinja Bank Ltd’s authorised deposit-taking institution (ADI) licence. Last month, Xinja Bank completed its return of customer deposits and transferred the remaining tail of deposits to National Australia Bank (NAB) afte...
Malavika Santhebennur Australian Prudential Regulation Authority Xinja Bank Xinja Bank Ltd National Australia Bank Money Management
Source: mortgagebusiness.com.au