Banking in Switzerland Current Affairs, GK & News

India receives second set of Swiss Bank Account Details

On October 9, 2020, India received second set of Swiss bank details under the “Automatic Exchange Pact” signed with Switzerland. The pact was a key milestone of GoI in its fight back against black money. Highlights India is one among 86 countries with which Switzerland exchanges information on financial accounts. In 2019, India received its ..




Swiss National Bank – Annual Banking Statistics: Relevant Points

The annual banking statistics released by the Swiss National Bank makes the following observations: The UK has retained its top position in terms of money parked by its citizens and enterprises with Swiss banks. The UK accounts for more than 26 per cent of the total foreign funds parked with Swiss banks at the end of 2018. ..


India, Switzerland sign Joint declaration on bank account holders

As a step towards fighting black money stashed abroad, ‘Joint Declaration‘ for implementation of Automatic Exchange of Information (AEOI) has been signed between India and Switzerland. This will lead to automatic sharing of information regarding the Swiss bank accounts held by Indians as of September 2018 and onwards. However, details about the accounts held prior ..