Indians 55th Biggest Clients Of Swiss Banks

NEW DELHI: Indians' money in Swiss banks may have risen for the first time in five years, but they account for a meagre 0.14 per cent of total foreign wealth deposited there — putting India at 55th place internationally for such funds.

The total overseas funds in Switzerland's banking system stood at 1.53 trillion Swiss francs (about Rs 90 trillion) at the end of 2011, which included 2.18 billion Swiss francs (Rs 12,700 crore) belonging to Indian individuals and entities.

While India accounted for only 0.14 per cent of total foreign money in Swiss banks, the United Kingdom accounted for the largest share of little over 20 per cent, followed closely by the United States with about 18 per cent.