SNB report: Indian funds in Swiss banks triple to Rs 37,600 crore in 2024; individual deposits up only 11%

Indian money in Swiss banks more than tripled in 2024, reaching a three-year high of nearly Rs 37,600 crore, driven by increased funds through local branches and financial institutions. While individual deposits saw a modest rise, overall Indian-linked funds surged significantly. Switzerland emphasizes cooperation with India in curbing tax evasion through automatic exchange of information.

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