Indian deposits in Swiss Banks decline by 18% over a decade, pandemic surge proved temporary

Indian deposits in Swiss Banks fall 18% over a decade: SNB data

New Delhi, June 20: Deposits by Indian nationals in Swiss banks have declined by approximately 18% over the past decade, according to the latest data from the Swiss National Bank (SNB).In 2015, Indian-held deposits in Swiss banks totaled around 425 million Swiss francs. By 2024, that figure had dropped to 346 million francs. Although deposits peaked during the COVID-19 pandemic—reaching a decade-high of about 602 million francs—they have been on…

Indian deposits in Swiss Banks decline by 18% over a decade, pandemic surge proved temporary

Several other major global economies have also witnessed a drop in deposits held by their nationals in Swiss banks.

Indian Deposits in Swiss Banks Drop Nearly 18 Percent in a Decade, Says Swiss National Bank

Deposits of Indian customers in Swiss banks have declined by around 18 per cent over the past decade, according to the latest figures released by the Swiss National Bank (SNB). The data highlighted a drop from approximately 425 million Swiss francs in 2015 to 346 million Swiss francs in 2024. The SNB data also showed that Indian deposits had experienced a sharp rise during the COVID-19 period, reaching a 10-year high of approximately 602 million…