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Indian money stashed away in Swiss banks rise 50% to Rs 7,000 cr in 2017, according to official data

The surge in Indian money held with Swiss banks comes as a surprise given India's continuing clampdown on suspected black money stashed abroad, including in banks of Switzerland that used to be known for their famed secrecy walls for years.

Blackmoney clampdown effect: India's ranking drops to 61st in holding money in Swiss banks

India's holdings now accounts for a meagre 0.123 percent of total global wealth worth $1.6 trillion in Switzerland's banking system

No safe haven: Swiss National Bank to charge 0.25% for deposits

The Swiss National Bank on Thursday said it would introduce a negative exchange rate of -0.25 percent on sight deposit account balances at the central bank as it seeks to deter safe-haven buying.

Black money returns via bullion? Swiss gold imports to India near Rs 1 lakh cr in 2014

Amid concerns of bullion trade being used for routing of black money, Switzerland's gold exports to India have risen further and is fast approaching Rs one-trillion mark for the entire 2014.

Swiss voters reject referendum asking SNB to hold 20% gold as reserves

Swiss voters on Sunday flatly rejected in a referendum a proposal stipulating the central bank in Switzerland to increase its gold reserves