Swiss Banks

Friday, Apr 19, 2024 | Last Update : 06:31 AM IST

Money in Swiss banks: India slips to 74th place, UK remains on top

India was ranked 73rd last year, after jumping 15 places from its 88th position a year ago.

30 Jun 2019 12:48 PM

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. (Photo: AP)

Indians' money in Swiss banks falls, hits second-lowest level in two decades

Swiss banks, including through India-based branches, fell by nearly 6 pc in 2018 to 955 million Swiss francs (about Rs 6,757 crore).

28 Jun 2019 9:32 AM

The official figures released by Switzerland’s central bank, the Switzerland National Bank, does not include the money that Indians, NRIs or others might have in Swiss banks in the names of entities from different countries. (Photo: AP)

Relocating black stash: From Swiss banks to Caribbean & other havens

Once tax-evaded money or funds obtained through criminal means gets to havens abroad, there is little that the Indian government can do.

26 Jul 2018 6:06 AM

Swiss deposits saw 80 per cent dip, says FinMin

Swiss ambassador says BIS is correct on stash data.

25 Jul 2018 12:29 AM

Modi justified the devastating demonetisation saying it was a huge blow to black money

Rise in Swiss banks’ stash is a rude shock

Prime Minister Narendra Modi’s silence on this issue is perplexing, given that he belongs to the twitterati.

02 Jul 2018 5:37 AM

Prime Minister Narendra Modi had said when he took charge as Prime Minister in 2014 that he would be the country’s chowkidar. (Photo: Twitter/ANI)

Alarm bells as NPAs go up, rupee plunges

The RBI has noted that the banks’ gross NPAs have already crossed the Rs 10 lakh crore mark last fiscal.

30 Jun 2018 5:16 AM

India has a treaty with Switzerland under which the Swiss government would provide all data from January 1, 2018 till December 31, 2018. (Photo: PTI)

Strong action to be taken against illicit Swiss deposits, says Goyal

India would get data as the accounting year ends, Goyal said.

29 Jun 2018 2:16 PM

The Indian money in Swiss banks had fallen by 45 per cent in 2016, marking their biggest ever yearly plunge. (Photo: PTI)

Indians’ money in Swiss banks increases 50 pc to Rs 7,000 crore in 2017

Indian money held with Swiss banks comes as a surprise given India’s continuing clampdown on suspected black money.

29 Jun 2018 12:23 PM

The total funds held by all foreign clients of Swiss banks rose about 3 per cent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017. (Photo: AP)

Money of Indians in Swiss banks rises over 50 pc to 7,000 Cr

The surge in Indian money held with Swiss banks comes as surprise given India's ongoing clampdown on suspected black money stashed abroad.

28 Jun 2018 8:40 PM

Switzerland has approved an automatic information exchange pact with India on black money. (File Photo)

Swiss parliamentary panel nods auto info exchange with India on black money

The proposal will now be submitted for approval from the Council of States, in the winter session.

19 Nov 2017 4:23 PM

Swiss banks demand secrecy for automatic info exchange with India

The Swiss Federal Council has ratified the AEOI with India to facilitate sharing of details about suspected black money.

18 Jun 2017 2:23 PM

Switzerland’s tax department issued notices to them last week to reply within 30 days to appeal the decision about providing ‘administrative assistance’ in information requests from India.

Centre to focus on Swiss stash

India seeks details of 10 persons and entities from Switzerland officials; Notice handed.

03 Apr 2017 1:47 AM

Congress Vice-President Rahul Gandhi (Photo: PTI)

Rahul Gandhi says note ban is ‘robbery’

Gandhi also added that the poor have been the most affected post-demonetisation.

24 Dec 2016 12:40 AM

Switzerland has been at the centre of the debate on black money allegedly stashed by Indians abroad. (Photo: AFP)

Switzerland starts consultations on sharing black money details with India

Switzerland also launched consultations on introducing Automatic Exchange of Information with various countries across the globe.

02 Dec 2016 4:17 PM

1 of 1

Columns

Mohan Guruswamy

Swiss banks