- Indian deposits fell by 6 percent in 2019 (Indian Money In Swiss Bank Decline)
- The report by Switzerland Central Bank claimed
- Deposits in the bank have been decreasing for the last 2 years
- Swiss Banks holds records since 1987
- New Delhi: Swiss banks (black money in Swiss bank) name comes first to deposit black money, but on Thursday, the report from Switzerland Central Bank claimed that Indian money has declined by 6% in 2019 (Indian Money In Swiss Bank Decline). The bank has said in its report that in 2019 only Rs 6,625 crore (indians money in Swiss Bank) has been deposited by Indians, which is 6% less than the previous year (2018). It is also to be noted here that in 2018 also the bank had talked about a decrease in deposits, which means that deposits have been decreasing in the bank for the last 2 years.SEBI’s big decision, approval to improve Insider Trading rules
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According to Swiss National Bank, at the end of 2019, Indians had a total debt of 89.946 crore Swiss francs over Swiss banks. This includes 55 crore Swiss francs (over Rs 4,000 crore) as customer deposits, 8.8 crore Swiss francs (Rs 650 crore) as deposits through other banks and 25.4 crore Swiss francs (Rs 1,900 crore) in the form of securities and other financial products. . Apart from this, about 50 crore rupees are deposited through various trusts.
These figures do not include deposits by Indians, NRIs who are held in Swiss banks in the name of units of third countries.
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Swiss National Bank (SNB) started collecting data deposited in banks from 1987 and the bank shares these figures with the government every year. Apart from this, Switzerland also shares details about the accounts of Indians who are accused of being involved in financial mess. Prime facia proof has to be given for this.
