Swiss Banks

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Swiss Banks - Total results - 52
Finance ministry declines to share Swiss bank account details of Indians in response to RTI, cites 'confidentiality provisions' of tax treaty
Business

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
Business

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
Business

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
Business

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
Business

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

Black money: India, Switzerland discuss automatic exchange of information
Business

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
Business

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
Politics

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.

Arun Jaitley says Indians with illegal Swiss bank deposits will face harsh penal proceedings under black money law
Business

Arun Jaitley says Indians with illegal Swiss bank deposits will face harsh penal proceedings under black money law

Noting that Switzerland in financial disclosures was always a reluctant state, Jaitley said the Alpine nation has amended its domestic laws involving all disclosure

Indian money stashed in Swiss banks swells by 50%: Strong action will be taken against illicit deposits, says Piyush Goyal
Business

Indian money stashed in Swiss banks swells by 50%: Strong action will be taken against illicit deposits, says Piyush Goyal

India would start getting details of bank accounts from Switzerland under a bilateral treaty, finance minister Piyush Goyal said

Money stashed by Indians in Swiss banks swells by 50%: Narendra Modi's promise on black money suffers setback
Business

Money stashed by Indians in Swiss banks swells by 50%: Narendra Modi's promise on black money suffers setback

In 2015, the money held by Indians in Swiss banks had fallen by nearly one-third to CHF 1,217.6 million (over Rs 8,000 crore). Prior to that, these funds fell by 10 percent to CHF 1.8 billion in 2014, after a rise of 43 percent in 2013 to CHF 2.03 billion, the report added.

Pakistani money in Swiss banks down by 21% to Rs 7,700 cr but remains above Indian funds
Business

Pakistani money in Swiss banks down by 21% to Rs 7,700 cr but remains above Indian funds

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.

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

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.

Blockchain to have mixed implication on global banking system, says Moody's report
Business

Blockchain to have mixed implication on global banking system, says Moody's report

Blockchain technology has the potential reduce costs of cross-border transactions for banks. However, it could put pressure on their fees and commissions

Cristiano Ronaldo declared €20 million in Swiss banks; denies tax evasion charges
Sports

Cristiano Ronaldo declared €20 million in Swiss banks; denies tax evasion charges

Ronaldo said after Wednesday's 2-2 draw with Borussia Dortmund that 'he who owes nothing isn't afraid'.

Demonetisation: Why govt should relax norms for the persecuted chit fund industry
Business

Demonetisation: Why govt should relax norms for the persecuted chit fund industry

Though the chit fund industry is large, growing and provides useful financial services to those who are otherwise excluded from formal institutions like commercial banks, the government, even otherwise, has imposed stringent rules that has stymied its progress

Pakistani nationals surpass Indians in keeping more funds in Swiss banks last year
Business

Pakistani nationals surpass Indians in keeping more funds in Swiss banks last year

Total funds linked to Pakistan in Swiss banks stood at CHF 1,513 million at the end of 2015, up nearly 16 percent from CHF 1,301 billion a year ago

Swiss banks petrified by Modi's black money law, ask customers to comply
Business

Swiss banks petrified by Modi's black money law, ask customers to comply

The compliance window is likely to witness a huge surge in activity in the one month starting 1 September.

Spooked by black money bill, Swiss banks ask Indians to utilise 'compliance window'
Business

Spooked by black money bill, Swiss banks ask Indians to utilise 'compliance window'

Indian authorities are already pursuing cases related to its citizens who had kept unaccounted funds in HSBC's Geneva branch