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Home  »  Australian Banks  »  Rural Bank

Rural Bank

 

Rural Bank Logo

Rural Bank Limited is a wholly owned subsidiary of Bendigo and Adelaide Bank Limited and specialises in providing banking products and services to the Australian Agribusiness sector. Its customers are predominantly based in rural and regional Australia, although many of its deposit customers are from metropolitan areas.

Rural Bank’s heartland is in rural Australia. It is fully committed to providing a leading, specialised banking service to primary producers, agribusiness participants and individuals or businesses seeking business loans. As part of the Bendigo and Adelaide Bank Group, it also offer customers the benefit of the broader capabilities offered by Bendigo and Adelaide Bank.

 
 

Rural Bank HQ Location Map

Rural Bank Head Office
Level 1
27 Currie Street
Adelaide SA 5000
Australia

Tel: +61 8 8425 4380 (from overseas)

Toll Free: 1300 660 115

Email: service@ruralbank.com.au

Website: www.ruralbank.com.au

Banking Hours‎:
Mon - Fri : 9.30am - 4.00pm‎

 

 

The banks are regulated by the Australian Prudential Regulatory Authority (APRA) in Australia. APRA is responsible for regulating much of the financial industry, including insurance and superannuation companies. Institution seeking to be prudentially regulated as an authorised deposit-taking institution (ADI) is required to be authorised under the Banking Act 1959 (the Banking Act). The Australian Prudential Regulation Authority (APRA) is responsible for the authorisation process.

Section 5 of the Banking Act defines ‘banking business’ as consisting of both taking deposits (other than as part-payment for identified goods or services) and making advances of money, as well as other financial activities prescribed by regulations made under the Banking Act. The Banking Act only allows corporations to carry on banking business in Australia, which means APRA cannot consider applications from partnerships or unincorporated entities. ADIs are subject to rigorous and close supervision by APRA, which requires the ADI to comply with a range of requirements contained in Prudential Standards and provide comprehensive data to APRA under Reporting Standards.

 

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