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Swiss banks News

21 Jun 2024

DNA: Indians' funds in Swiss banks decline 70%

Finance Ministry

19 Jun 2021

Indians' black money increased in Swiss banks? Check what Centre has to say

The ministry clarified that the official figures do not indicate quantum of black money. The ministry claimed that the deposits in Swiss banks have fallen since the end of 2019. FinMin noted that other factors could have resulted in the increase of deposits by Indians in Swiss bank accounts.

17 Jun 2021

Funds of Indians in Swiss banks jump over Rs 20,000 crore, highest in 13 years

It stood at a record high of nearly 6.5 billion Swiss francs in 2006. These figures also do not include the money that Indians, NRIs or others might have in Swiss banks in names of third-country entities. There were 243 banks in Switzerland at the end of 2020.

Pakistani rupee

28 Jun 2019

Pakistani money in Swiss banks down by one-third to hit record low

The Pakistani money in Swiss banks had fallen by over 20 percent in 2017 (to CHF 1,115 million) and by 6 percent in 2016. Before that in 2015, these funds had risen 16 percent.

27 Jun 2019

Money stashed by Indians in Swiss banks declines, hits record low in 2 decades

Aggregate funds of all foreign clients of Swiss banks also fell by over 4 per cent to CHF 1.4 trillion (nearly Rs 99 lakh crore) in 2018, as per the annual banking statistics released by the Zurich-based central banking authority of Switzerland.

27 Jun 2019

Deshhit: Indians' money in Swiss banks falls by nearly 6%

Indians' money in Swiss banks falls by nearly 6%. To know watch the video

02 Jan 2019

India to get info on account holders in Swiss banks from 2019: Govt

MoS (MEA) VK Singh said such information may include details about persons allegedly involved in corruption.

03 Dec 2018

Black money: Swiss government agrees to share details of two Indian firms

One of the two Indian companies used to be a publicly-listed entity and has already faced the wrath of capital markets regulator Sebi for multiple violations

25 Jul 2018

Swiss money: SNB says its data include total deposits of Indian customers

Only only one Swiss bank -- Credit Suisse -- has a branch in India, while two others -- UBS and Zurcher Kantonal Bank -- are present in the country through one representative office each, as per the RBI data updated till January 31, 2018.

29 Jun 2018

No 'black' in Swiss Banks: Rahul Gandhi pokes fun of PM Modi on Twitter

In one tweet, Rahul Gandhi attacked a number of statements made by Modi and his government on black money.

06 Aug 2017

Black money hoarders to come under scanner as Switzerland, India mull exchange of banking info

Nonetheless, they are interested in taking advantage of improved governance conditions and greater legal certainty in the financial services sector, particularly in the reinsurance sector.

02 Jul 2017

Money in Swiss banks: India slips to 88th place with Rs 4,500 crore; UK on top

India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remains on the top.

29 Jun 2017

Indians' money in Swiss banks hit record low of 676 million francs

Money parked by Indians in Switzerland's banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.

Switzerland bank

29 Jun 2017

Swiss banks' profit halves to CHF 7.9 billion; staff count down

Banks in Switzerland saw their profits nearly halve to CHF 7.9 billion (over Rs 53,000 crore) in 2016 amid continuing global pressure on their famed secrecy walls.

13 Nov 2016

BJP MP to release list of companies with black money

Thackeray had spoken of public inconvenience following the Centre's demonetisation move, saying it amounted to "torture" of people.

03 Jul 2016

India slips to 75th place on money in Swiss banks; UK on top

India was placed at 61st place last year, while it used to among top-50 countries in terms of holdings in Swiss banks till 2007. The country was ranked highest at 37th place in the year 2004.

01 Jul 2016

Govt checking if any blackmoney returned to India: Revenue Secy

In the wake of deposits held by Indians in Swiss banks dropping by 33 percent, Revenue Secretary Hasmukh Adhia on Friday said the government is checking if any of the blackmoney has been routed back to India.

30 Jun 2016

Money in Swiss Banks: Pakistan has more than India with over Rs 10,000 cr stashed

Defying a global trend, money kept by Pakistani nationals in Swiss banks has risen by over 16 percent to 1.5 billion francs (over Rs 10,000 crore), exceeding that of Indians.

30 Jun 2016

Black money decreasing? Indian money in Swiss banks dips 33% to Rs 8,392 crore

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland's banking system.

30 Jun 2016

Indian money in Swiss banks drops by one-third to Rs 8,392 crore

Money held by Indians in Swiss banks fell by one-third to record low of Rs 8,392 crore amid an enhanced clampdown against the famed secrecy wall of Switzerland's banking system by Indian and other governments.

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