Indian money in Swiss banks hits record low of â¹4,500 crore
Money held by Indians in Switzerland banks fell to a record low of 676 million Swiss francs (â¹4,500 crore) in 2016. Marking the third straight year of decline, this is the lowest Indians held in Swiss banks since Switzerland began making the data public in 1987. Total money held by Indians fell 45%, marking the biggest-ever yearly decline.