New Delhi, June 14 (ANI): In a latest disclosure, the Swiss National Bank (SNB) today said the quantum of money held by Indians in Swiss banks stood at about Rs 12,740 crore at the end of 2011.
The latest data disclosed by the Swiss National Bank in its annual handbook on Swiss banks published today shows that the total funds held by Indian individuals and entities include 2.025 billion Swiss francs held directly by them and 158 million held through 'fiduciaries' or wealth managers.
The funds, which have been described by SNB as 'liabilities' of Swiss banks towards their clients from India, are the official figures disclosed by the Swiss authorities and do not indicate the quantum of the black money held by Indians in the safe havens of Switzerland.
As per the data from the Swiss National Bank, quantum of funds held by Indians in Swiss banks had last increased in 2006 by about one billion Swiss francs to 6.5 billion Swiss francs (over Rs 40,000 crore), but fell to less than one-third by the end of 2010. It rose by about Rs 3,500 crore in 2011. (ANI)
