Current Affairs - National - Discussion

India has ranked 88th with 676 million Swiss francs (about Rs 4,500 crore) in terms of money parked by its citizens with Swiss banks, according to an analysis by the Swiss National Bank (SNB) for 2016-end. As per latest figures, the money officially held by Indians with banks in Switzerland now accounts for a meagre 0.04% of the total funds kept by all foreign clients in the Swiss banking system. The SNB's official figures haven't include the money that Indians, NRIs or others might have in Swiss banks in the names of entities from different countries.