Swiss Bank Account News

News

India gets second set of Swiss bank account details under automatic info exchange framework

India had received the first set of details from Switzerland in September 2019 under AEOI (Automatic Exchange of Information), when it involved 75 countries

5 min read9 Oct 2020
News

Finance Ministry declines to share Swiss bank accounts details of Indians

The ministry also refused to disclose the details of black money received from other foreign countriesIndia had in September got the first set of Swiss bank account details of its nationals under a new automatic information exchange pact

2 min read23 Dec 2019
News

India gets first tranche of Swiss bank account details under info exchange pact

India among 75 nations with which Switzerland's FTA exchanged information on bank accounts within the framework of global standards on AEOINext exchange of Swiss bank account details to take place in September 2020

4 min read7 Oct 2019
Politics

Money in Swiss banks: India moves to 73rd place, UK remains on top

India had slipped to 88th place with a 44% plunge in such funds during 2016, but the latest data from the Swiss National Bank shows an increase of over 50% during 2017 to about Rs7,000 crore

4 min read1 Jul 2018
Industry

Black money: India, Switzerland ink deal for data sharing from 1 January

The deal between India and Switzerland allows automatic sharing of tax-related information from 1 January 2018

1 min read21 Dec 2017
Politics

CBI seeks permission to file SLP in Supreme Court on Bofors case

CBI has written to the govt for reconsideration of its 2005 decision and allow the agency to file an SLP in the SC in the Bofors case challenging quashing of an FIR in the alleged scam

1 min read21 Oct 2017
Industry

Indian money in Swiss banks at record low of Rs4,600 crore

The slump in Indian money in Swiss bank accounts is a result of the government's continuing clampdown on black money

5 min read29 Jun 2017
News

Switzerland ratifies automatic exchange of financial information with India, others

Switzerland's Federal Council will notify date from which automatic information exchange will begin and the court's decision is not subject to referendum

1 min read16 Jun 2017
Politics

Black money: India steps up efforts to trace Indians’ Swiss account details

Individuals and firms about whom India has requested information include at least 3 listed firms, ex-CEO of a realty firm, some Gujarati businessmen settled abroad

2 min read27 Nov 2016
Politics

Tax evasion: India, Switzerland information sharing pact by December

The pact will enable India to receive all financial information about its residents from Switzerland from 2018

2 min read16 Jun 2016
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