₹155 trillion (₹155 lakh crores) of private wealth is parked in Switzerland alone, making it the largest offshore banking haven on planet earth. However, in the last six years, the net deposits with Swiss banks have grown only at an average of 3% per year.
The fastest growing among the Top 10 destinations is Hong Kong at an average compounded annual growth rate (CAGR) of about 11% since 2012. Deposits in Hong Kong have already crossed ₹74 trillion (₹74 lakh crores). Singapore is not to far behind with deposits of ₹61 trillion (₹61 lakh crores) and a CAGR of 10%.
Other nations/territories in the Top 10 include USA, Channel Islands / Isle of Mann, Dubai (UAE), Luxembourg, UK, Monaco and Bahrain.
