India slips down at 77th place in accounting money in Swiss banks

Swiss National Bank (SNB) has released ‘Annual banking statistics, 2019’. According to the latest SNB data, India has moved down three places to 77th rank in terms of money parked by its citizens. However, many neighbouring countries are below India in the list. Among them, Pakistan is ranked 99th, Bangladesh 85th, Nepal 118th, Sri Lanka 148th, Myanmar 186th and Bhutan 196th.

India-based branches, accounting for just about 0.06 per cent of the aggregate funds parked by all foreign clients of Switzerland-based banks. While Britain holds the first place in this list with a share of 27 % of the total deposits. 

Here’s the list top three countries in the statistics:

Rank Country
1st United Kingdom (UK)
2nd United States(US)
3rd West Indies
77th India

 

Important takeaways for all competitive exams:

  • Swiss National Bank (SNB) Headquarters: Zurich, Switzerland.
  • Swiss National Bank (SNB) Chairman: Thomas Jordan.

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