Highlights 1 India slips to 88th position from 75th in terms of money parked with Swiss banks. 4 Latest reports suggest that India's stash is not even one-hundredth of the total money. India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remains on the top. Swiss banks have also said Indians have "few deposits" in Swiss banks compared to other global financial hubs like Singapore and Hong Kong amid stepped-up efforts to check the black money menace. The funds parked in Swiss banks from offshore financial centres rose to CHF 389 billion.

Source: India Today July 02, 2017 15:54 UTC