Indian customers in Swiss banks increased by only 11 percent in 2024 to 346 million Swiss francs, or ₹36,750 crore. This figure is just one-tenth of the total deposits, which is ₹37,600 crore.
After gold, the State Government is now planning to melt silver items, which are not used by the temples, into pure silver bricks.
The US Secretary of the Treasury Scott Bessent said that countries willing to negotiate with the US will face reduced import tariffs of up to 10%.
Mehul Choksi , 65, is a fugitive Indian businessman and the owner of Gitanjali Group, a retail jewellery firm in India.
Accounts that consistently maintain a zero balance for an extended period are labelled as zero balance accounts.
Banks are now required to use telephone numbers starting from 1600 for all transaction-related calls. Similarly, 2 different numbers have been provided for promotional calls and short messages.
While corruption among politicians and administrative officials remains a persistent issue in India, the lack of stringent actions, such as those seen in cases like Liu Liange’s in China, highlights a significant gap in accountability.
In a statement released by the RBI on September 10, it was said that the provisions of the ‘Banking Regulation Act’ have been violated by both these banks.
An information has emerged that there is decline in the amount deposited in the Swiss Banks by Indians.
This time, the bench told the bank that if these orders are not followed, action can be taken against you for contempt of the Court order.