Cheaper Swiss loans attract Indian companies; Union Bank and SBI have already called on Swiss institutions

MUMBAI: Switzerland is fast becoming the fundraising hub for Indian companies, looking to borrow from Europe’s new money reserve. Cheap interest rates and lower currency hedging costs are prompting domestic firms to turn to the cash-rich financial institutions of the European country, famous for its bank secrecy laws. In the past year or so, six Indian companies, including , SBI, …