Swiss Banks

Indian funds in Swiss banks rise to over Rs 20,700 crore, highest in 13 years

The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend

Finance ministry declines to share Swiss bank account details of Indians in response to RTI, cites 'confidentiality provisions' of tax treaty

The finance ministry has declined to share Swiss bank account details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.

Black money: India gets first tranche of Swiss bank account details under automatic exchange framework

India has received first tranche of details about financial accounts of its residents in Swiss banks under a new automatic exchange of information framework between the two countries, marking a significant milestone in the fight against black money suspected to be stashed abroad

India's Swiss bank black money probe reaches at the doorstep of Mumbai-based software firm

India's fight against suspected black money stashed in Swiss banks has reached a village lane in Andheri area of Mumbai, where an obscure-sounding company, Motech Software Pvt Ltd, was set up nearly two decades ago that allegedly went on to deposit millions of dollars in Switzerland through a maze of offshore entities

Indians' money in Swiss banks falls by nearly 6%, hits second-lowest level in over two decades

Aggregate funds of all foreign clients of Swiss banks also fell by over 4 percent to CHF 1.4 trillion (nearly Rs 99 lakh crore) in 2018

Black money issue: Switzerland steps up process to share information on bank accounts; 11 Indians get notices in a day

Switzerland was widely known as an alleged safe haven for black money before it bowed down before the global pressure and agreed to bring down the famed secrecy walls

Chandamama magazine narrated virtues of good deeds, but owners in dock for funds parked in Swiss banks

Mumbai-based Geodesic Ltd acquired the iconic magazine Chandamama in 2007

Black money: India, Switzerland discuss automatic exchange of information

Black money has been a major issue in India and banks in Switzerland have long been perceived as one of the safest havens to park such funds due to their famed secrecy walls for years.

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

The Swiss National Bank (SNB) further said its figures include the "data from branches of Swiss banks in India" and therefore the locational banking statistics (LBS) compiled by the Bank for International Settlements (BIS), a global central banking body, would be more reliable.

Monsoon Session of Parliament: RS adjourned following TMC protests over black money stashed in Swiss banks

The Rajya Sabha was on Tuesday adjourned for about 90 minutes following noisy protests by members of the Trinamool Congress, who stormed the Well demanding that black money stashed by Indians in Swiss Banks be brought back.