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Swiss Bank Funds Drop: India's Money Falls 8% in 2025
19 Jun
Summary
- Indian money in Swiss banks fell 8% in 2025 to CHF 3.25 billion.
- Customer accounts saw a significant 50% rise to CHF 524 million.
- Official figures do not indicate alleged black money held by Indians.
In 2025, the total amount of Indian money parked in Swiss banks fell by over 8% to CHF 3.25 billion, approximately Rs 36,793 crore. This decrease was largely attributed to a reduction in funds held via local branches and other financial institutions.
Despite the overall dip, money held in customer accounts for individual and institutional clients surged by more than 50% to CHF 524 million. This represented about 16% of the total funds.
The Swiss National Bank's data, released on Thursday, indicates that the bulk of the total funds, approximately CHF 2.6 billion, was held through other banking and financial institutions, despite a nearly 15% decline.
These figures are official bank reports and do not account for alleged black money or funds held through third-country entities. Switzerland has been sharing financial information with India since 2018, supporting the fight against tax evasion.
