2023: Indian funds in Swiss banks fall 70% to a four-year low of ₹9,771 crore (CHF 1.04 billion).
Indian funds in Swiss banks fell 70% to a four-year low of ₹9,771 crore (CHF 1.04 billion) in 2023, according to annual data from Switzerland's central bank, the Swiss National Bank (SNB). Indian clients' total liabilities with Swiss banks, including customer deposits and funds held through other banks, bonds, securities, and various other financial instruments, have declined for the second consecutive year. This marks a significant reduction from previous years, signaling a possible decline in Indian capital parked in Swiss financial institutions.
June 20, 2024
8 Articles