Swiss Bank
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Government clarifies to media reports on rise in Swiss bank deposits | Check full breakdown of data
Business | Jun 20, 2025, 11:46 PM ISTSwiss bank deposits: CBDT regularly undertakes a systematic review of data received and identifies taxpayers whose cases require further verification. Such verification is carried out through different modes, including search and survey actions, open enquiries, etc.
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Indian funds in Swiss banks down 70 per cent to lowest in 4 years: Switzerland Central Bank
Business | Jun 21, 2024, 02:42 PM ISTAccording to the data released by Switzerland's central bank, Indian funds in Swiss banks were down 70 per cent to the lowest in four years at 1.04 billion.
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Indians' funds in Swiss banks down 11% to Rs 30k cr on dip in customer deposits
Business | Jun 22, 2023, 09:16 PM ISTThe decline in aggregate funds of Indian clients with Swiss banks, from a 14-year-high of CHF 3.83 billion in 2021, follows two consecutive years of increase and was largely driven by a sharp plunge of nearly 34 per cent in customer deposit accounts from a seven-year high.
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Indians' funds in Swiss banks jump 50 pc to over Rs 30k crore on surge in securities
Business | Jun 17, 2022, 07:46 AM ISTThe total amount stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013, 2017, 2020 and now in 2021, as per the Swiss National Bank data.
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Revealed: Data leak expose Pak generals, officials hold billions of dollars in Swiss bank
World | Feb 21, 2022, 06:39 PM ISTEarlier in January, Pakistan ranked 140 out of 180 on Corruption Perception Index (CPI) 2021 by Transparency International, losing 16 spots over the previous year.
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India gets 3rd set of Swiss bank details under automatic info exchange framework
Business | Oct 11, 2021, 03:49 PM ISTThe Federal Tax Administration (FTA) of Switzerland said in a statement on Monday that the exchange of information this year involved 10 more countries -- Antigua and Barbuda, Azerbaijan, Dominica, Ghana, Lebanon, Macau, Pakistan, Qatar, Samoa and Vauatu.
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Swiss bank details about real estate properties owned by Indians to be revealed this month
Business | Sep 12, 2021, 08:55 PM ISTThe third set of Swiss bank account details of Indians under an automatic exchange of information pact with Switzerland will be revealed this month, officials told news agency PTI.
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Finance Ministry refutes reports of alleged black money held by Indians in Switzerland
India | Jun 19, 2021, 11:46 AM ISTIt, however said that Swiss Authorities have been requested to provide the relevant facts along with their view on possible reasons for increase or decrease in deposits so that facts could be presented in correct perspective.
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Indians' funds in Swiss banks jump to Rs 20,700 crore, highest in 13 years
Business | Jun 18, 2021, 09:01 AM ISTFunds held by Indians in Swiss banks rose to Rs 20,700 crore in 2020, data released by Switzerland's central bank has revealed.
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India gets 2nd set of Swiss bank account details under automatic info exchange framework
Business | Oct 09, 2020, 10:51 PM ISTIndia has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
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Money in Swiss banks: India slips to 77th position, THIS nation retains top spot
Business | Jun 26, 2020, 03:15 PM ISTIndia has moved down three places to 77th rank in terms of money parked by its citizens and enterprises with Swiss banks at the end of 2019, while the UK has retained its top position, as per the latest data from Switzerland’s central bank.
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Swiss bank penalized over alleged FIFA, Venezuela corruption
Football | Feb 20, 2020, 03:02 PM ISTThe sanctions are related to alleged corruption linked to Venezuela’s state-owned oil company and global soccer body FIFA.
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No claimants for Rs 300 dormant Swiss accounts of Indians! Know what will happen now
Business | Nov 10, 2019, 12:58 PM ISTThe Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts linked to Indians.
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India gets first tranche of Swiss bank account details
News | Oct 07, 2019, 11:32 PM ISTIndia has got first tranche of swiss bank account details of its nationals under a new automatic information exchange pact.
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India's Swiss black money probe reaches 'software' firm in Andheri
India | Sep 26, 2019, 06:44 PM ISTIndia'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.
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Era of Swiss bank secrecy over, details of Indians to come from today
India | Sep 01, 2019, 06:59 AM ISTIndia will start getting details of bank accounts held by its citizens in Switzerland from September, ending the era of Swiss bank secrecy.
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India to get Swiss bank details of all Indians from September; accounts closed in 2018 also included
Business | Jul 10, 2019, 10:43 PM ISTIndia's fight against suspected black money stashed abroad will get a major boost this September in the form of first set of detailed financial information about all Indians having Swiss bank accounts, including those closed since last year.
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Money in Swiss banks: India slips to 74th place, UK remains on top
World | Jun 30, 2019, 01:53 PM ISTAn analysis of the latest annual banking statistics released by the Swiss National Bank (SNB) shows that India remains ranked very low when it comes to money parked by Indian individuals and enterprises in Swiss banks.
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Indians' money in Swiss banks falls, hits 2nd-lowest level in two decades
Business | Jun 28, 2019, 12:01 AM ISTMoney parked by Indian individuals and enterprises in Swiss banks, including through India-based branches, fell by nearly 6 per cent in 2018 to 955 million Swiss francs (about Rs 6,757 crore) to hit its second-lowest level in over two decades, Swiss National Bank data showed Thursday.
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Govt declines to share black money details received from Switzerland, cites confidentiality
Business | May 17, 2019, 06:59 PM ISTReplying to an RTI query, the Finance Ministry said India and Switzerland share information on black money on a case to case basis as per the investigations being carried out.