ZURICH/NEW DELHI, June 20 � It is just two big banks � UBS and Credit Suisse � which appear to be accounting for almost two-third of the total money held by Indians in Swiss banking system, known for their famed secrecy walls, reports PTI.
According to the latest official data disclosed by Switzerland�s central banking authority SNB (Swiss National Bank), Indians� money in Swiss banks rose by 43 per cent last year to 2.03 billion Swiss francs (nearly Rs 14,000 crore), despite growing global pressure on Switzerland to share client details of their banks.
A further analysis of SNB data shows that the �big banks� account for 68.2 per cent or about 1.4 billion Swiss francs (close to Rs 10,000 crore) of the total money belonging to the Indian clients of Swiss banks.
