Question 1

What is Maybank Indonesia?

Accepted Answer

Maybank Indonesia (PT Bank Maybank Indonesia Tbk) is a leading Indonesian private bank and subsidiary of Malayan Banking Berhad (Maybank), one of the largest financial services groups in ASEAN. The bank operates a branch in Mumbai, India, focusing on corporate and institutional banking services that support trade and business relations between Indonesia and India.

Formerly known as Bank Internasional Indonesia (BII), Maybank Indonesia is a publicly listed company on the Indonesia Stock Exchange. As of September 2025, the bank manages customer deposits of approximately Rp131.2 trillion and total assets valued at Rp198.0 trillion.

Question 2

When was Maybank Indonesia founded?

Accepted Answer

Maybank Indonesia was founded on 15 May 1959 by Aridi Penjamin and Jap Ing Hoat as Bank Internasional Indonesia (BII). The bank obtained its foreign exchange banking license in 1988, enabling it to conduct international currency transactions.

The company became publicly listed on the Jakarta Stock Exchange and Surabaya Stock Exchange (now merged as Indonesia Stock Exchange) in 1989. In August 2005, the Sinar Mas Group became the owner, and in 2008, Malayan Banking Berhad (Maybank) acquired the bank. The bank was rebranded to PT Bank Maybank Indonesia Tbk in 2015, marking a significant transformation in its identity and strategic direction as part of the regional Maybank Group.

Question 3

Where is Maybank Indonesia headquartered?

Accepted Answer

Maybank Indonesia is headquartered in Jakarta, Indonesia. The bank is part of the Malaysian-based Maybank Group, which has a presence in 18 countries across the ASEAN region and beyond.

The bank's Mumbai branch serves as its sole international office outside Indonesia, operating as a foreign bank branch in India under the supervision of the Reserve Bank of India.

Question 4

Where does Maybank Indonesia operate?

Accepted Answer

In India, Maybank Indonesia operates through a single branch located in Mumbai. This branch has been present in India for over ten years and focuses exclusively on corporate and institutional banking services.

The Mumbai branch plays an active role in facilitating the Indonesia-India business corridor, supporting trade finance, and providing financing solutions to corporate clients. In March 2024, Maybank Indonesia injected USD 10 million in capital into its Mumbai branch operation, demonstrating the group's continued commitment to expanding its franchise in India and strengthening regional connectivity within the ASEAN region.

Question 5

What services does Maybank Indonesia offer?

Accepted Answer

Maybank Indonesia's Mumbai branch in India specializes in corporate and institutional banking services. The branch focuses on supporting business and trade relations between Indonesia and India through trade finance solutions, corporate lending, and transaction banking services.

A major initiative is facilitating Local Currency Settlement between India and Indonesia. Following the signing of an MOU between the Reserve Bank of India and Bank Indonesia, Maybank became the first and only bank to settle transactions in INR-IDR local currencies, reducing costs and easing processes for businesses operating between the two countries.

The Mumbai branch provides financing solutions aligned with Maybank Group's mission of "Humanising Financial Services," leveraging the group's regional network to assist clients across ASEAN markets.

Question 6

What makes Maybank Indonesia unique?

Accepted Answer

Maybank Indonesia distinguishes itself as the first and only bank to facilitate Local Currency Settlement between India and Indonesia using INR-IDR currency pairs. This pioneering service reduces foreign exchange costs and simplifies cross-border transactions for businesses in both countries.

The bank's Mumbai branch serves as a strategic bridge in the Indonesia-India business corridor, benefiting from Maybank Group's extensive regional network across 18 countries. This connectivity enables the bank to provide comprehensive financing and transaction solutions for clients engaged in regional trade.

As part of one of ASEAN's largest financial services groups, Maybank Indonesia in India combines local expertise with regional scale, particularly supporting corporate clients seeking to expand their business between Indonesia and other ASEAN markets.

Question 7

What type of financial institution is Maybank Indonesia?

Accepted Answer

Maybank Indonesia operates as a Foreign Bank Branch in India, specifically focusing on wholesale banking activities. In India, foreign banks like Maybank Indonesia are licensed and supervised by the Reserve Bank of India and typically concentrate on corporate and institutional banking rather than retail services.

The parent entity, PT Bank Maybank Indonesia Tbk, is classified as a private commercial bank in Indonesia, offering universal banking services. However, its Mumbai branch operates under India's foreign bank regulations, providing specialized corporate banking, trade finance, and institutional services tailored to facilitate cross-border business between Indonesia and India.

Maybank Indonesia

in India 🇮🇳

Crypto-Friendliness

All done!

About Maybank Indonesia in India