The yearly figures from the Swiss central bank showed on Thursday that funds parked by Indian individuals and companies, including through the Indian branches and other financial institutions, jumped to Swiss francs 2.55 billion (over Rs 20 700 crore), with a strong rise in assets through securities and equivalent devices.
Although at the end of 2019 funds categorised as ‘client deposits’ decreased by CHF 550 million and those by trustees by more than CHF 7.4 million also decreased, the funds held by other banks grew considerably by CHF 88 million.
The largest change, however, was that “other customer amounts” in India increased more than six times from CHF 253 million by the end of 2019.
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