evidence: Indian funds in Swiss banks have plummeted by 70% in 2023, reaching a four-year low of 1.04 billion Swiss Francs (₹9,771 crore), according to the Swiss National Bank (SNB). This marks a significant decline after a peak in 2021 and is attributed to decreases in bonds, securities, and other financial instruments. [...] Indian deposits reached a record high of nearly CHF 6.5 billion in 2006, but have generally been on a downward trend with exceptions in 2011, 2013, 2017, 2020, and 2021. [...] According to the Bank for International Settlements’ "locational banking statistics," Indian deposits in Swiss banks saw a 25% decrease in 2023, amounting to USD 70.6 million (₹663 crore). This metric is considered more accurate by Swiss and Indian authorities.