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Money parked by Indians in Swiss banks rises 50% to over Rs 7,000 crore

Updated : June 28, 2018 08:28 PM IST

The surge in Indian money held with Swiss banks comes as a surprise given India’s continuing clampdown on suspected black money stashed abroad, including in banks of Switzerland that used to be known for their famed secrecy walls for years.
The total funds held by Indians with Swiss banks stood at a record high of CHF 6.5 billion (Rs 23,000 crore) at 2006-end, but came down to nearly one-tenth of that level in about a decade.
Money parked by Indians in Swiss banks rises 50% to over Rs 7,000 crore

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