Pakistan ranks higher than India in Swiss Bank accounts money holdings
Shares
UK comes first in overseas swiss accounts money holdings while US came second with nearly CHF 177 billion or about 14 per cent. No other country accounted for a double-digit percentage share, while others in the top-ten included West Indies, France, Bahamas, Germany, Guernsey, Jersey, Hong Kong and Luxembourg.
India is now ranked 88th with 676 million Swiss francs (about Rs 4,500 crore) -- a record low after falling for three consecutive years amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.
The share of Indians' money in the total foreign funds of Swiss banks also fell to 0.04 per cent (from 0.08 per cent in 2015).
Pakistan continued to remain placed higher than India at 71st place with CHF 1.4 billion.
India is now ranked 88th with 676 million Swiss francs (about Rs 4,500 crore) -- a record low after falling for three consecutive years amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.
The share of Indians' money in the total foreign funds of Swiss banks also fell to 0.04 per cent (from 0.08 per cent in 2015).
Pakistan continued to remain placed higher than India at 71st place with CHF 1.4 billion.
