There are several challenges in developing digital banking, such as the absence of specific regulations and inadequate data security systems.
Multi-finance companies can issue debt securities without going through a public offering. It solves capital problems or multi-finance liquidity when banks still carefully disburse credits.
The Bank Indonesia Business Activity Survey (SKDU) shows that business activity improved in the fourth quarter of 2020, although still contracting.
Bank Indonesia (BI) regulates the criteria for a systemic payment system. Such a payment system's failure poses the same risks to the payment system and the financial system, just as a systemic bank.
The Salim Group, through PT Indolife Pensiontama, purchased 6.07 percent of PT Bank Mega Tbk’s (MEGA) shares. It opens up the merger possibility of banks operating under the Salim Group and CT Corp conglomerates.
PT Bank Rakyat Indonesia Tbk (BBRI) is reportedly seeking US$1 billion in fresh funds through a rights issue, strengthening the possibility of consolidation with Pegadaian and PNM.
The government offers US dollar and euro-denominated Government Securities (SUN) for a total of Rp 58.8 trillion in a bid to support funding for vaccine procurement and the National Economic Recovery (PEN) program.
The Financial Services Authority (OJK) is preparing special rules for digital banks. Later, these banks can operate without a physical branch office.
The Financial Services Authority (OJK) added Microfinance Institutions (MFIs) and fintech lending to the list of sectors entitled for loan restructuring stimulus in the non-bank financial industry.
Muhammadiyah once failed to manage its own bank when PT Bank Persyarikatan Indonesia (BPI) was under the special supervision of Bank Indonesia in 2004. Muhammadiyah now has the opportunity to acquire small banks requiring capital injections.