Indian deposits in Swiss banks increase threefold in 2024 – Media

Citizens of India hold about $3.78 billion in the European tax haven

Indian deposits in Swiss banks rose threefold year-on-year in 2024, to about $3.78 billion, the PTI news agency reported, citing data from the Swiss National Bank (SNB). The current total in the European tax haven is the highest since 2021, when Indian deposits in Swiss banks reached a 14-year high of $4.13 billion, according to SNB data.

Indian politicians have...