Indians' money in Swiss banks falls, 2nd-lowest in decades | Editorji
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Indians' money in Swiss banks falls, 2nd-lowest in decades

Jun 30, 2019 17:10 IST

India has moved down one place to 74th rank in terms of money parked by its citizens and companies in Swiss banks. Analysis of banking statistics by the Swiss National Bank shows India accounts for 0.07 % of total funds parked by all foreign clients of Switzerland-based banks. India was ranked 73rd last year, after jumping 15 places from its 88th position a year ago. The UK still sits at the top with over 26% of the total foreign funds in Swiss banks. Interestingly, this is the first time in four years that funds linked to Pakistan in Swiss banks have fallen below that of India's.

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