Money stashed by Indians in Swiss banks swells by 50%: Narendra Modi's promise on black money suffers setback

In 2015, the money held by Indians in Swiss banks had fallen by nearly one-third to CHF 1,217.6 million (over Rs 8,000 crore). Prior to that, these funds fell by 10 percent to CHF 1.8 billion in 2014, after a rise of 43 percent in 2013 to CHF 2.03 billion, the report added.

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