side-banner

Funds of Indians in Swiss banks jump over Rs 20,000 crore, highest in 13 years

Shortpedia

Content Team
Image Credit: shortpedia

Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland's central bank showed on Thursday.