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Daily Current Affairs

India ranked 51st in terms of money parked in Swiss Bank

Current Affairs (CAPF) Indian Economy

21-Jun-21

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India has been ranked at 51st position in terms of money parked by its citizens and enterprises with Swiss bank in 2020, as per the data released by Swiss National Bank (SNB). Last year India was placed at 77th position.
Funds held by Indian individuals and firms in Swiss banks in 2020 was over 2.55 billion Swiss francs (Rs 20,706 crore).
The United Kingdom (CHF 377 billion) is on top. UK is followed by the United States, West Indies, France and Hong Kong in the top five.

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By: Rohit Middha

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Question No.1

Based on the data by Swiss National Bank (SNB), what is the rank of India in terms of money parked by its citizens and enterprises with Swiss bank in 2020 ?