Page 2 - Swiss Bank

Swiss banking major UBS appoints Uday Odedra as new country head for India

Swiss banking major UBS on Monday announced the elevation of Uday Odedra as the country head of its India operations, which employ over 6,700 people. It has created a new post of chairman for India and made Harald Egger, who holds the post at present, as the chairman, as per an official statement. Odedra has been with the bank for two decades and was based in London before joining the founding team of the India operations in 2015, it said. It can be noted that a lot of banks and financial institutions of the world have their in-house global delivery centres in the country delivering work and handling processes here. UBS-Business Solution Centers employs over 6,700 people in Pune, Mumbai and Hyderabad, and provides services toUBSbusinesses globally, the bank's statement said. The UBS statement said Odedra played a central role in developingits digital and technology presence in India and he was also named head of technology for the Asia Pacific region in 2017. Egger will relocate

The fund managers, the sleuths and the mystery of the missing ESG

Accompanied by a cameraman, Beslik spent 10 days meeting villagers and taking samples from streams close to the plants supplying companies that his then-firm had invested in

Money in Swiss banks: India slips one place to 74th, UK retains top rank

Among the top-ranked jurisdictions, the UK is followed by the US, West Indies, France and Hong Kong in the top five

Here's why Swiss banks are no more a safehouse for Indian tax evaders

Herve Falciani, a French citizen who worked for HSBC's Swiss private bank, in 2008 disclosed details on thousands of clients he suspected were using accounts to evade tax

From Vajpayee to Modi: Who has been the biggest Swiss money buster?

Indians' money in Swiss banks have been declining over the years with a few remarkable exceptions

Indian money in Swiss banks down 80% since 2014, says FM Piyush Goyal

The finance minister cited Swiss ambassador's letter, which also said the Indian money in Swiss banks have decreased by 80 per cent since 2014.

India money in Swiss banks fell 80% since 2014, says Piyush Goyal

According to Swiss authorities, more reliable data source for deposits held in Switzerland is the Locational Banking Statistics (LBS) of Bank of International Settlements, says Goyal

Congress and BJP spar over 50% rise in Indian money in Swiss banks

Money parked by Indians in Swiss banks rose 50% to Rs 70 billion in 2017, reversing a 3-year downward trend amid India's clampdown on suspected black money stashed there

Indians with illegal Swiss bank deposits to face harsh penalty: Jaitley

Jaitley says Alpine nation has amended its domestic laws involving all disclosures and entered into a treaty even with India

Money held by Indians in Swiss banks rises 50% in 2017 to over Rs 70 bn

Total funds held by all foreign clients of Swiss banks rose about 3% to about Rs 100 trillion in 2017

Will Swiss Banks continue as they are? A referendum will decide that soon

Supporters argue it would rein in asset price bubbles by putting the central bank solely in charge of the amount of money

Two years jail for UKD jeweller for stashing money in Swiss bank

A fine of Rs 8 lakh is also slapped on the jeweller

Indian Swiss bank account holders may shift to other tax havens

Switzerland has to share bank details from 2018 which gives most account holders enough time to plan their move to another tax haven