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India pushes to develop money markets under Raghuram Rajan

Last Updated: Monday, November 18, 2013, 12:16

The era of easy money for Indian banks may be coming to an end. Unlimited access to cheap overnight funding from the Reserve Bank of India (RBI) was tightened mid-year as part of measures to support a plunging rupee, and now the central bank is keen to use the restrictions to help it deepen money markets.

Indian money in Swiss banks dips to record low at Rs 9,000 cr

Last Updated: Thursday, June 20, 2013, 17:50

Indians' money in Swiss banks has fallen to a record low level of about Rs 9,000 crore (1.42 billion Swiss francs), as a global clampdown against the famed secrecy wall of Switzerland banking system made it unattractive for their global clients.

Illicit wealth under corporate veil maximum in US: Swiss

Last Updated: Sunday, July 08, 2012, 14:36

It said that the World Bank report examined 150 cases of corruption in a selected number of countries worldwide.

India ranks 55th on foreign money in Swiss banks

Last Updated: Sunday, June 17, 2012, 11:49

Indians' money in Swiss banks may have risen for the first time in five years, but they account for a meagre 0.14 percent of total foreign wealth deposited there -- putting India at 55th place globally for such funds.

Indian money in Swiss banks rise for 1st time in 5 years

Last Updated: Thursday, June 14, 2012, 16:23

Switzerland on Thursday said the quantum of money held by Indians in Swiss banks stood at 2.18 billion Swiss francs (about Rs 12,740 crore) at the end of 2011 -- rising for the first time in the past five years.

Rupee at 32-month low Vs dollar

Last Updated: Tuesday, November 15, 2011, 19:58

The rupee ended at the 32-month low of 50.67/68 against the US currency.

India's share of black money in Swiss banks only 0.07%

Last Updated: Monday, July 25, 2011, 13:43

Amid a raging debate in India over wealth stashed away by Indians in Swiss banks, official Swiss bank figures show that the quantum of such money is only a very small fraction, or 0.07 percent, of the total assets of all foreigners with banks in this European nation.