Banking and Financial News – 23 June 2014

Money in Swiss banks: (Mint)

• India moves up to 58th rank in terms of foreign money lying with Swiss banks.

• India accounts for 0.15% of an estimated $1.6 trillion total global wealth held in Switzerland’s banking system.

• Indian money in Swiss banks is Rs.14,000 crore (2.03 billion Swiss francs).

We are each of us angels with only one wing, and we can only fly by embracing one another. ~ Lucretius

Courtesy : Mint