With Swiss francs (CHF) 1.2 billion (around Rs 8,392 crore) held by its citizens in Switzerland's banks, India has slipped to the 75th position, its lowest since the Swiss National Bank began releasing such data in 1997, as per latest figures released earlier this week.
The data for 2015 placed India at 61st place, while it used to be among top 50 countries in terms of holdings in Swiss banks till 2007.
India was also lowest ranked among the BRICS countries - Russia was ranked 17th (CHF 17.6 billion), China 28th (CHF 7.4 billion), Brazil 37th (CHF 4.8 billion) and South Africa 60th (CHF 2.2 billion). Britain and America were the only two countries that accounted for Swiss bank holding of double-digit percentage share each.
While Britain accounted for the largest chunk at about CHF 350 billion, or almost 25 per cent of the total foreign money with Swiss banks, the US came second with nearly CHF 196 billion or about 14 per cent.
For More Information Stock advisory company indore,stock market news,stock advisory tips,best stock advisory company in indore, Stock Future Tips ,Bank Nifty Tips, Nifty Future Tips,currency Tips,Stock Option Tips,Bullion tips And call us :-982780809
The data for 2015 placed India at 61st place, while it used to be among top 50 countries in terms of holdings in Swiss banks till 2007. 
No comments:
Post a Comment