Economic experts from Italy have reported that an amount of Rs. 530 Lakhs Crores has been hoarded in the banks throughout the world.
The team of economics experts analysed the reports submitted by the International Monetary Fund.
Out of this, it is estimated that the money hoarded by Indians would amount to Rs. 8 to Rs. 10 Lakh Crores.
The experts informed that these figures are based on the money and various bonds kept in the banks and other aspects like immovable property and the investments in jewellery have not been taken into account.
Economic experts informed that these sums have been invested in countries which keep investors’ details confidential and where the monitoring on the banks is kept at a lo key.
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