NEW DELHI: India has slipped to 75th place in terms of money held by its citizens in Switzerland’s banks, while the United Kingdom remains on top.

India was placed at the 61st place last year. It used to be among top 50 countries in terms of holdings in Swiss banks till 2007.

The country was ranked highest, at the 37th place, in 2004.

As per the latest annual update on Swiss banks, released by Switzerland’s central bank (Swiss National Bank), the total money held there by foreign clients fell by nearly 4 per cent to Swiss franc (CHF) 1.42 trillion at the end of 2015.

Source (Dawn News)