evidence: Swiss banks report 70% plunge in Indian deposits [...] Deposits made by Indian entities and individuals in Swiss banks, along with their local branches and various financial institutions, plummeted by 70% last year to a four-year low of 1.04 billion Swiss Francs (about $1.17 billion, or ₹9,771 crore), the Press Trust of India reported, citing annual data released by Switzerland’s central bank. After reaching a 14-year peak of CHF 3.83 billion in 2021, Indian clients’ funds in Swiss banks fell for a second year, primarily on significant drops in bonds, securities, and other financial instruments. Funds in customer deposit accounts and other Indian bank branches also decreased sharply, the data showed.