Question: Which bank of Switzerland has revealed data on foreign deposits in swiss banks?
(a) Swiss National Bank
(b)RBS Coutts Bank AG.
(c)Barclays Bank
(d)Standard Chartered Bank (Switzerland)
Answer- (a)
Related facts:
- On June 29th, 2017, Switzerland’s central bank ‘Swiss National Bank’ (SNB) made public the country wise statistics of the money deposited by foreigners in Switzerland.
- India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remained on the top.
- The money held by Indians is only 0.04 percent of the funds held in swiss banks by foreign clients.
- A fund held by Indians in year 2016 in the Swiss banks was the lowest since 1987.
- India was placed at 75th position in 2015 and at 61st in the year before that, though it used to be among top-50 countries till 2007.
- The total money held in Swiss banks by foreign clients from across the world, incidentally rose by a small margin from 1.41 trillion (1421 billion) Swiss francs to 1.42 trillion Swiss francs during 2016.
- Pakistan continued to remain placed higher than India at 71st place (although down from 69th in 2015) with about CHF 1.4 billion.
- Amongst the other BRICS nations — Russia is ranked 19th (CHF 15.6 billion), China 25th (CHF 9.6 billion), Brazil 52nd (CHF 2.7 billion) and South Africa 61st (CHF 2.2 billion).
Reference:
http://indiatoday.intoday.in/story/indian-black-money-swiss-banks-88th-position-corruption-india/1/992635.html
http://timesofindia.indiatimes.com/business/india-business/money-in-swiss-banks-india-slips-to-88th-place-uk-on-top/articleshow/59409797.cms
http://www.ndtv.com/india-news/money-in-swiss-banks-india-slips-to-88th-place-uk-on-top-1719537
http://www.thehindubusinessline.com/money-and-banking/money-parked-by-indians-in-swiss-banks-halves-to-4500-cr-in-2016/article9742081.ece