During the Modi regime, the accumulated wealth of Indians in Swiss banks has increased 50 percent. For the first time in 4 years, the accumulated money deposited in the Swiss bank increased to one billion Swiss francs (7,000 crore rupees) last year. This figure shows an increase of 50 percent compared to a year ago.

This is revealed in the latest figures of Swiss bank's central bank. According to this, the money kept by Indians in Swiss bank accounts increased by more than 50 percent to Rs 7,000 crore (1.01 billion francs) in 2017.

Earlier, there was a steady decline in deposits of Indians in the three years here in the banks. In the compounding of Indians in Switzer Land, which is an identity for their banking secrecy, it is surprising that the visible increase in time is at this time, while the Indian government has been campaigning against black money holders abroad.

According to the annual data of Swiss National Bank (SNB), Indian wealth deposited in Swiss bank accounts declined by 45 percent in 2016 to 67.6 million francs (about 4500 crore rupees). This amount was the lowest since the beginning of publication of this figure since 1987.

According to the SNB data, the funds placed directly in Swiss bank accounts by Indians became approximately 6891 crore (99.9 million francs) in 2017. At the same time, the money kept by the representatives or the wealth managers was 112 crore rupees (1.62 million francs) during this period.

According to the latest data, Rs. 3200 crores in the form of customer deposits in the money deposited in Swiss bank accounts, Rs. 1050 crores through other banks. All these items have increased the wealth of Indians in the year ahead.

Indians' wealth in Swiss bank accounts increased by 12 percent in 2011, 43 percent in 2013 and 50.2 percent in 2017. Prior to this, in 2004, the fund raised 56 percent. These figures of SNB have been released at such times, while a few months ago, a new system of automatic exchange of information between India and Switzerland has been implemented. The purpose of this arrangement is to get rid of the problem of black money.

Meanwhile, the profits of Switzerland's banks increased by 25 percent to 9.8 billion francs in 2017. However, the deposits of foreign customers of these banks declined during this period. Before this, the profits were reduced to almost half of the 7.9 billion francs in 2016.

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