APRA amends authorised deposit-taking institution licence for In1bank Ltd (in1bank) to remove restrictions
The Australian Prudential Regulation Authority (APRA) has announced it has granted in1bank a licence to operate as an authorised deposit-taking institution (ADI) without restrictions under the Banking Act 1959.
In1bank was previously licensed by APRA in December 2019 as a Restricted ADI.
An updated list of all APRA-authorised ADIs can be found on the APRA website at: Register of authorised deposit-taking institutions.
Contact APRA Media Unit, on +61 2 9210 3636
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For more information contact APRA on 1300 558 849.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $8.6 trillion in assets for Australian depositors, policyholders and superannuation fund members.