Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Indians' funds in Swiss banks climb to Rs 20,700 crore, highest in 13 years    </title>
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&#39;Other amounts due to customers&#39; from India rose over six times

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                            <p style="text-align:justify">-PTI/ IndiaToday.in</p><p style="text-align:justify"><em>&#39;Other amounts due to customers&#39; from India rose over six times</em></p><p style="text-align:justify"><em>Overall, customer deposits in all Swiss banks rose in 2020 to nearly CHF (Swiss franc) 2 trillion</em></p><p style="text-align:justify"><em>Swiss authorities maintain that assets held by Indians in Switzerland cannot be considered as &#39;black money&#39;</em></p><p style="text-align:justify"><em>New Delhi/ Zurich: </em>Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland&#39;s central bank showed on Thursday.</p><p style="text-align:justify">The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years.</p><p style="text-align:justify">It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013 and 2017, as per the Swiss National Bank (SNB) data.</p><p style="text-align:justify">The total amount of CHF 2,554.7 million (Rs 20,706 crore), described by the SNB as &#39;total liabilities&#39; of Swiss banks or &#39;amounts due to&#39; their Indian clients at the end of 2020, included CHF 503.9 million (over Rs 4,000 crore) in customer deposits, CHF 383 million (over Rs 3,100 crore) held via other banks, CHF 2 million (Rs 16.5 crore) through fiduciaries or trusts and the highest component of CHF 1,664.8 million (nearly Rs 13,500 crore) as &#39;other amounts due to customers&#39; in form of bonds, securities and various other financial instruments.</p><p style="text-align:justify">Please <a href="https://www.indiatoday.in/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17?fbclid=IwAR18OEs3LWYS4jgp-jZa3W8YxU4TmnM3q5q0dsgn8AuUsYP2bWjQIovxOPU" title="https://www.indiatoday.in/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17?fbclid=IwAR18OEs3LWYS4jgp-jZa3W8YxU4TmnM3q5q0dsgn8AuUsYP2bWjQIovxOPU">click here</a> to read more.&nbsp;</p>                                                           
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    <h1 class="cat-box-title">Indians' funds in Swiss banks climb to Rs 20,700 crore, highest in 13 years</h1>
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                            <p style="text-align:justify">-PTI/ IndiaToday.in</p><p style="text-align:justify"><em>&#39;Other amounts due to customers&#39; from India rose over six times</em></p><p style="text-align:justify"><em>Overall, customer deposits in all Swiss banks rose in 2020 to nearly CHF (Swiss franc) 2 trillion</em></p><p style="text-align:justify"><em>Swiss authorities maintain that assets held by Indians in Switzerland cannot be considered as &#39;black money&#39;</em></p><p style="text-align:justify"><em>New Delhi/ Zurich: </em>Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland&#39;s central bank showed on Thursday.</p><p style="text-align:justify">The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years.</p><p style="text-align:justify">It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013 and 2017, as per the Swiss National Bank (SNB) data.</p><p style="text-align:justify">The total amount of CHF 2,554.7 million (Rs 20,706 crore), described by the SNB as &#39;total liabilities&#39; of Swiss banks or &#39;amounts due to&#39; their Indian clients at the end of 2020, included CHF 503.9 million (over Rs 4,000 crore) in customer deposits, CHF 383 million (over Rs 3,100 crore) held via other banks, CHF 2 million (Rs 16.5 crore) through fiduciaries or trusts and the highest component of CHF 1,664.8 million (nearly Rs 13,500 crore) as &#39;other amounts due to customers&#39; in form of bonds, securities and various other financial instruments.</p><p style="text-align:justify">Please <a href="https://www.indiatoday.in/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17?fbclid=IwAR18OEs3LWYS4jgp-jZa3W8YxU4TmnM3q5q0dsgn8AuUsYP2bWjQIovxOPU" title="https://www.indiatoday.in/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17?fbclid=IwAR18OEs3LWYS4jgp-jZa3W8YxU4TmnM3q5q0dsgn8AuUsYP2bWjQIovxOPU">click here</a> to read more.&nbsp;</p>                                                           
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&#39;Other amounts due to customers&#39; from India rose over six times

Overall, customer deposits in all Swiss banks rose in 2020 to nearly CHF (Swiss franc) 2 trillion

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&#39;Other amounts due to customers&#39; from India rose over six times

Overall, customer deposits in all Swiss banks rose in 2020 to nearly CHF (Swiss franc) 2 trillion

Swiss authorities maintain that assets held by Indians in Switzerland cannot be considered..." />
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    <h1 class="cat-box-title">Indians' funds in Swiss banks climb to Rs 20,700 crore, highest in 13 years</h1>
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                            <p style="text-align:justify">-PTI/ IndiaToday.in</p><p style="text-align:justify"><em>&#39;Other amounts due to customers&#39; from India rose over six times</em></p><p style="text-align:justify"><em>Overall, customer deposits in all Swiss banks rose in 2020 to nearly CHF (Swiss franc) 2 trillion</em></p><p style="text-align:justify"><em>Swiss authorities maintain that assets held by Indians in Switzerland cannot be considered as &#39;black money&#39;</em></p><p style="text-align:justify"><em>New Delhi/ Zurich: </em>Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland&#39;s central bank showed on Thursday.</p><p style="text-align:justify">The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years.</p><p style="text-align:justify">It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013 and 2017, as per the Swiss National Bank (SNB) data.</p><p style="text-align:justify">The total amount of CHF 2,554.7 million (Rs 20,706 crore), described by the SNB as &#39;total liabilities&#39; of Swiss banks or &#39;amounts due to&#39; their Indian clients at the end of 2020, included CHF 503.9 million (over Rs 4,000 crore) in customer deposits, CHF 383 million (over Rs 3,100 crore) held via other banks, CHF 2 million (Rs 16.5 crore) through fiduciaries or trusts and the highest component of CHF 1,664.8 million (nearly Rs 13,500 crore) as &#39;other amounts due to customers&#39; in form of bonds, securities and various other financial instruments.</p><p style="text-align:justify">Please <a href="https://www.indiatoday.in/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17?fbclid=IwAR18OEs3LWYS4jgp-jZa3W8YxU4TmnM3q5q0dsgn8AuUsYP2bWjQIovxOPU" title="https://www.indiatoday.in/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17?fbclid=IwAR18OEs3LWYS4jgp-jZa3W8YxU4TmnM3q5q0dsgn8AuUsYP2bWjQIovxOPU">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.indiatoday.in/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17?fbclid=IwAR18OEs3LWYS4jgp-jZa3W8YxU4TmnM3q5q0dsgn8AuUsYP2bWjQIovxOPU" class="re" target="_blank">PTI/ IndiaToday.in, 17 June, 2021, https://www.indiatoday.in/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17?fbclid=IwAR18OEs3LWYS4jgp-jZa3W8YxU4TmnM3q5q0dsgn8AuUsYP2bWjQIovxOPU</a><div class="clear"></div>
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Indians' funds in Swiss banks climb to Rs 20,700 crore, highest in 13 years

Published on Jun 17, 2021   Modified on Jun 23, 2021

-PTI/ IndiaToday.in 'Other amounts due to customers' from India rose over six times Overall, customer deposits in all Swiss banks rose in 2020 to nearly CHF (Swiss franc) 2 trillion Swiss authorities maintain that assets held by Indians in Switzerland cannot be considered as 'black money' New Delhi/ Zurich: Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland's central bank showed on Thursday. The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years. It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013 and 2017, as per the Swiss National Bank (SNB) data. The total amount of CHF 2,554.7 million (Rs 20,706 crore), described by the SNB as 'total liabilities' of Swiss banks or 'amounts due to' their Indian clients at the end of 2020, included CHF 503.9 million (over Rs 4,000 crore) in customer deposits, CHF 383 million (over Rs 3,100 crore) held via other banks, CHF 2 million (Rs 16.5 crore) through fiduciaries or trusts and the highest component of CHF 1,664.8 million (nearly Rs 13,500 crore) as 'other amounts due to customers' in form of bonds, securities and various other financial instruments. Please click here to read more.

PTI/ IndiaToday.in, 17 June, 2021, https://www.indiatoday.in/business/story/indian-black-money-swiss-bank-accounts-latest-estimate-1816211-2021-06-17?fbclid=IwAR18OEs3LWYS4jgp-jZa3W8YxU4TmnM3q5q0dsgn8AuUsYP2bWjQIovxOPU

Tagged with: Swiss banks Black money

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