evidence: Indians' Swiss Bank Holdings Tumble 70% To Touch Four-Year Low [...] The amount of money deposited by Indian individuals and companies in Swiss banks decreased significantly. This includes the deposits through their local branches and other financial institutions. [...] The 'locational banking statistics' of the Bank for International Settlement, which have been described in the past by Indian and Swiss authorities as a more reliable measure for deposits by Indian individuals in Swiss banks, showed a decline of nearly 25% during 2023 in such funds to $70.6 million (Rs 663 crore).