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Indians’ funds in Swiss banks plunge 70% to hit four-year low of ₹9,771 crore
June 20, 2024June 20, 2024by In Bussiness

Indians’ funds in Swiss banks plunge 70% to hit four-year low of ₹9,771 crore

Funds parked by Indian individuals and firms in Swiss banks, including through local branches and other financial institutions, fell sharply by 70% in 2023 to a four-year low of 1.04 billion Swiss Francs (₹9,771 crore), annual data from Switzerland’s central bank showed on Thursday. The decline in aggregate funds of Indian clients with Swiss banks...