New Delhi, June 20 -- Deposits of Indian customers in Swiss banks have declined by around 18 per cent over the past decade, according to the latest figures released by the Swiss National Bank (SNB).

The data highlighted a drop from approximately 425 million Swiss francs in 2015 to 346 million Swiss francs in 2024.

The SNB data also showed that Indian deposits had seen a sharp rise during the COVID-19 period, touching a 10-year high of around 602 million Swiss francs. However, the deposits started declining after the pandemic peak.

In 2023, deposits stood at 309 million Swiss francs, but in 2024, it grows by 37 million Swiss francs to reach 346 million Swiss francs. Despite this annual rise, the overall trend over the last decade remain...