evidence: In June this year, the media reported that the deposits by Indians in Swiss Banks have increased by over 50 per cent in 2017. This was apparently based on the official annual data released by the Swiss National Bank (SNB). But on July 24, 2018, the Swiss embassy released a press statement stating the following: [...] "To analyze Indian residents’ deposits held in Switzerland, another data source should be used. This is the so-called "locational banking statistics", which the SNB collects in collaboration with the Bank for International Settlements (BIS). This data source shows that the liabilities in the form of loans and deposits of Swiss-domiciled banks towards Indian non-banks decreased by 44% between 2016 and 2017." [...] In response to a question by Congress’s Anand Sharma in the Rajya Sabha, the government referred to the press release of the Swiss embassy and claimed that "the loans and deposits of Indians, other than Banks, in the Swiss banks decreased by 34.5 per cent in the year 2017 as compared to 2016. Further, there has been significant reduction in Swiss non-bank loans and deposits of Indians by 80.2 per cent between 2013 and 2017."