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Friday, September 17, 2021

Swiss banks

SWISS BANKS NEWS

Indians' funds in Swiss banks: Govt seeks details from Swiss authorities

June 19, 2021 2:17 pm

The ministry noted that customer deposits have actually fallen from the end of 2019. The funds held through fiduciaries have also more than halved from 2019-end.

Money in Swiss banks: India at 77th place, accounts for just 0.06% of all foreign funds

June 26, 2020 1:40 pm

Among the top-ranked jurisdictions, the UK is followed by the US, West Indies, France and Hong Kong in the top five.

2019: Indian money in Swiss banks falls 5.8%; total foreign deposits up 3.1%

June 26, 2020 12:56 am

While overall total foreign deposits rose by 3.1 per cent to CHF 1.44 trillion from CHF 1.39 trillion in 2018, China saw a major 13.1 per cent jump in money parked by its residents, from CHF 13.5 billion in 2018 to CHF 15.3 billion.

No claimants for dormant Swiss accounts of Indians; some may get liquidated soon

November 11, 2019 5:48 am

The claim period for some of these accounts would expire next month, while a few others can still be claimed till the end of 2020.

Indians’ money in Swiss banks falls by 6 per cent; 2nd-lowest level in over two decades

June 28, 2019 4:07 am

Total foreign deposits in Swiss banks also fell by over 4% to CHF 1.4 trillion (nearly Rs 99 lakh crore) in 2018, as per statistics released by central banking authority of Switzerland.

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

June 27, 2019 9:09 pm

A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018.

Opposition cites falling rupee, Swiss bank data to attack Govt

June 30, 2018 5:17 am

Union Finance Minister Piyush Goyal said India has sealed a treaty with Switzerland under which the Swiss government will provide data on transactions data from January 1, 2018 until December 31, 2018.

Piyush Goyal asks why it's being assumed all the money in Swiss banks is illegal

June 29, 2018 2:33 pm

"If someone is found guilty, the government will take strong action against them," the Finance Minister said.

Money of Indians in Swiss Banks jumps 50% after decline for three years

June 29, 2018 9:14 am

The latest data from Zurich-based Swiss National Bank (SNB) comes months after a new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace.

Pakistani money in Swiss banks down but remains above Indian funds

June 28, 2018 8:45 pm

Despite the decline, the money held by Pakistani nationals and entities remains above that of Indians, which rose by over 50 per cent to CHF 1,015 million (about Rs 7,000 crore) in 2017 after three consecutive years of decline.