SYDNEY, May 4 -- Australian Prudential Regulation Authority issued the following media release:
The Australian Prudential Regulation Authority (APRA) has revoked in1Bank Limited's (in1Bank) authorised deposit-taking institution (ADI) licence under the Banking Act 1959. in1Bank completed its return of deposits process in March, after announcing in January that it intended to exit the banking industry.
An updated list of ADIs can be found on the APRA website at: List of registered authorised deposit-taking institutions.
Disclaimer: Curated by HT Syndication.
