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Indian deposits in Swiss banks down nearly 18% over last 10 years
Sunday Island
|June 22, 2025
(MINT) Deposits of Indian customers in Swiss banks fell by around 18 per cent over the past decade, according to the latest figures released by the Swiss National Bank (SNB).
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The data shows a drop from approximately 425 million Swiss francs in 2015 to 346 million Swiss francs in 2024.
The SNB data also showed that Indian deposits witnessed a sharp rise during the COVID-19 period, touching a 10-year high of around 602 million Swiss francs. However, the deposits started declining after the pandemic peak, ANI reported.
In 2023, deposits stood at 309 million Swiss francs, whereas in 2024, they only grew by 37 million Swiss francs. Despite this annual rise, the overall trend over the last decade remains downward.
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