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pc nid 92364 May 05, 2026 kgurnani@vixio.com Australia Australian Prudential Regulation Authority horizon scanning
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Australian Prudential Regulation Authority Revokes in1Bank's Authorised Deposit-Taking Institution Licence

On Monday, May 4, 2026, the Australian Prudential Regulation Authority (APRA) revoked in1Bank Limited's authorised deposit-taking institution (ADI) licence under the Banking Act 1959. The licence revocation followed in1Bank's completion of its deposit return process in March 2026. in1Bank had announced in January 2026 that it intended to exit the banking industry. The revocation represents the formal conclusion of in1Bank's operations as a regulated deposit-taking institution in Australia. APRA, as the prudential regulator of Australia's financial services industry, oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. The authority currently supervises institutions holding $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members. An updated list of authorised deposit-taking institutions is available on the APRA website, which reflects the removal of in1Bank from the register of regulated ADIs. **Reference:** Australian Prudential Regulation Authority. (May 4, 2026). APRA revokes in1Bank's authorised deposit-taking institution licence. Retrieved from APRA Media Releases.

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Australian Prudential Regulation Authority Revokes in1Bank's Authorised Deposit-Taking Institution Licence

The Australian Prudential Regulation Authority (APRA) revoked in1Bank Limited's authorised deposit-taking institution (ADI) licence under the Banking Act 1959. The bank's license was revoked after it completed the deposit return process in March 2026, following its announcement in January 2026 that it intended to exit the banking industry. The revocation represents the formal conclusion of in1Bank's operations as a regulated deposit-taking institution in Australia.