Money parked by Indians in Swiss banks rose over 50% to ₹7000 crore in 2017

in #mgsc • 6 years ago (edited)

44E38C9D-404D-4608-8681-0D493BF56BB2.jpegMoney parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (₹7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there.
In comparison, the total funds held by all foreign clients of Swiss banks rose about 3% to CHF1.46 trillion or about ₹100 lakh crore in 2017, according to the official annual data released on June 28 by Swiss National Bank (SNB), the central banking authority of the Alpine nation.

6 years ago in #mgsc by
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     6 years ago 

    Its a huge no.

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