Switzerland steps up sharing banking info; 11 Indians get notices in a day

Switzerland has since March sent at least 25 notices to Indian clients of its banks, giving them a chance to appeal before it gives information about them to the Indian government.

An analysis of the notices issued by the Federal Tax Administration, Switzerland government's nodal department for sharing of information on foreign clients of Swiss banks, shows that the country has shared information with a number of countries, but the surge in India-related cases is noticeable in the past few weeks.

At least 11 notices were issued to Indians in one day--on May 21 . The Swiss government's gazette notifications