According to the most recent information revealed via Switzerland’s central banking authority SNB (Swiss National Bank), India has moved down to 61st spot regarding foreigners’ cash in Swiss banks, while the UK and the US have held their top two positions with the largest shares of the foreign clients’ cash with Swiss banks.
As report says, Pakistan has crawled up to 73rd spot.
According to the data, Indians’ money in Swiss banks declined by more than 10% to around 1.8 billion Swiss francs (US $1.98 billion) in 2014
In the top ten, the UK and the US are followed by West Indies, Guernsey, Germany, Bahamas, Luxembourg, France, Jersey and Hong Kong.
The UK alone records for 22% of aggregate Worldwide funds in Swiss banks. Only four top countries together record for over a large portion of all foreigners’ wealth in Swiss banks, which rose to 1.47 trillion Swiss franc (US $1.6 trillion) in 2014.
