Swiss National Bank

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.

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: Swiss government agrees to share details of two Indian firms and three individuals facing multiple probes

One of the two Indian companies used to be a publicly-listed entity and has already faced the wrath of capital markets regulator SEBI for multiple violations, while the other firm is said to have political links in Tamil Nadu.

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.

Indian money stashed in Swiss banks fell by 80% between 2014 and 2017, claims Piyush Goyal

Goyal, who was replying to a question related to the black money of Indians deposited in Swiss bank accounts, the government sought 4,000 pieces of information from Swiss banks

Piyush Goyal dismisses Congress' claims of increasing Indian deposits in Swiss banks, says it has dropped by 34% since 2014

Piyush Goyal said that contrary to Congress President Rahul Gandhi's assertion that deposits by Indian nationals in Swiss Banks had increased by 50 percent, the actual Indian deposits had gone down by 34 percent

No claimants for Rs 300 crore lying in India-linked dormant Swiss bank accounts for third year in a row

As per the latest data released by the Swiss National Bank (SNB), funds parked by Indians with Swiss banks rose 50 percent to CHF 1.01 billion (about Rs 7,000 crore) in 2017.

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

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

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.