Bhubaneswar, June 19 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/recent_photo_1750346075.webp
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs (nearly Rs 37,600 crore) on the back of a huge jump in funds held through local branches and other financial institutions, annual data released by Switzerland's central bank showed on Thursday.
However, money in customer accounts of Indian clients rose by only 11 per cent in the year to 346 million Swiss franc (nearly Rs 3,675 crore) and accounted for just about one-tenth of overall funds.
The sharp increase in the overall funds follows a 70 per cent decline in funds parked by Indian individuals and firms in Swiss banks, including through l...