Story perspectives
Indian Funds in Swiss Banks Surge to 3.5 Billion
6/20/2025
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Story summary
- Indian funds in Swiss banks increased to 3.5 billion Swiss francs in 2024, up from 1.04 billion in 2023.
- Customer deposits rose by 11% to 346 million Swiss francs, with funds through other banks reaching 3.02 billion.
- India improved its ranking to 48th for foreign deposits in Swiss banks, up from 67th in 2023.
- Since 2018, Switzerland and India have collaborated on financial information sharing to combat tax evasion.
