JAKARTA - Finance Minister Purbaya Yudhi Sadewa conducted a surprise inspection of Bank Negara Indonesia (BNI) headquarters in Jakarta on Monday, September 29.
This was revealed by the TikTok account @purbayayudhis, "We're making a surprise inspection of BNI. We want to see how they work," he said.
He stated that if there's a meeting, he also wants to attend with the BNI board of directors.
"I want to attend a meeting with the board of directors if there's a meeting," he added.
Upon arrival, Purbaya immediately headed to the board meeting room, where several BNI officials were present, including President Director Putrama Wahju Setyawan and Deputy President Director Alexandra Askandar.
Previously, Finance Minister Purbaya Yudhi Sadewa officially issued regulations regarding the placement of IDR 200 trillion in unused government cash (idle cash) in five national banks.
This provision is stipulated in Minister of Finance Decree (KMK) Number 276 of 2025 concerning the Placement of State Funds in the Context of Managing Cash Surpluses and Shortfalls to Support the Implementation of Government Programs and Stimulate Economic Growth, which was signed on Friday, September 12, 2025.
"To manage the central government's cash surplus, the Minister of Finance, in accordance with his authority as state treasurer, places state funds from government treasury at Bank Indonesia," is quoted from the considerations section of KMK 276/2025.
The KMK explains that the funds will be placed in five partner banks: PT Bank Rakyat Indonesia (Persero) Tbk; PT Bank Negara Indonesia (Persero) Tbk; PT Bank Mandiri (Persero) Tbk; PT Bank Tabungan Negara (Persero) Tbk; and PT Bank Syariah Indonesia Tbk.
The second dictum of Ministerial Decree 276/2025 states that IDR 200 trillion of state funds will be placed in the first phase. The disbursement will be carried out in stages, with each partner bank receiving IDR 55 trillion each. BRI, BNI, and Mandiri will each receive IDR 25 trillion, BTN IDR 25 trillion, and BSI IDR 10 trillion.
The partner banks will enter into a partnership agreement with the Director General of the Treasury, which will contain at least the following: the identity of the parties; the rights and obligations of the parties; reporting; prohibitions; fines and sanctions; force majeure; dispute resolution; communication and notification; withdrawal of funds; amendments to the agreement; and the term of the partnership agreement.
"The partner banks, as referred to in the FIRST Dictum, are prohibited from using funds from the placement of state funds as referred to in the SECOND Dictum to purchase government securities (SBN)," as stated in the fifth dictum of the Ministerial Decree.
The placement of state funds with the partner banks will be carried out in the form of conventional/sharia-compliant on-call deposits with a non-auction mechanism.
The placement of State Funds with Partner Commercial Banks, as referred to in Dictum FIRST, is subject to an interest rate/yield of 80.476 percent of the BI 7-Day Reverse Repo Rate (BI 7-DRR Rate) for Rupiah Placement Accounts.
The tenor of the placement of State Funds is for a period of six months and can be extended. The placement of Funds with Partner Commercial Banks implements risk management through: the use of a direct debit mechanism for the Statutory Reserve (GWM) at Bank Indonesia, if the Partner Commercial Bank is unable to fulfill its obligation to return the Funds Placement; and/or other forms of risk mitigation, taking into account financial market conditions, risk analysis results, and recommendations from relevant authorities.
Partner Commercial Banks are also required to submit a monthly report on the use of their placement of State Funds to the Minister of Finance, c.q., the Director General of the Treasury.
Supervision of the placement of State Funds with Partner Commercial Banks is carried out by the Government Internal Supervisory Apparatus in accordance with statutory regulations.
The implementation of the placement of State Money, as long as it is not specifically regulated in this Ministerial Decree, is guided by the Regulation of the Minister of Finance concerning the Strategy and Implementation of Management of Surplus and Shortfalls of Central Government Cash, and this Ministerial Decree shall come into force on the date of its stipulation.
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