Indians' Money In Swiss Banks Falls, Hits Second-Lowest Level In Two Decades

28 Jun 2019 10:31 AM

Indians' Money In Swiss Banks Falls, Hits Second-Lowest Level In Two Decades

Updated 28 Jun 2019 10:31 AM

Money parked by Indian individuals and enterprises in Swiss banks, including through India-based branches, fell by nearly 6 per cent in 2018 to 955 million Swiss francs (about Rs 6,757 crore) to hit its second-lowest level in over two decades, Swiss National Bank data showed Thursday.
 Aggregate funds of all foreign clients of Swiss banks also fell by over 4 per cent to CHF 1.4 trillion (nearly Rs 99 lakh crore) in 2018, as per the annual banking statistics released by the Zurich-based central banking authority of Switzerland.

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