Banking Your Future : towards a fair and inclusive banking sector

"Banking your future" is an intiative put forward by the Central Bank Of Mauritius to sensitise people on and about banking sector in mauritius towards a transparent bank-customers'relationship.

Bank is believed to be the heart of an economy without which neither the economy or people will have a smooth life. Just imagine, if there was no bank. Right? No Bank? Where would you be?

let just have a look at a small cycle which have been used by a famous Indian bank for comercial and digest it as its mision to serve India.

Story

Mr. Alex get it wages from Max. Ltd. He shops with it in a Supermarkets (assu. Winners). Winners receive cash in exchange of Alex's Purchases which it used to pay in suppliers Panda Marketing. Panda Marketing buy its wholesale supplier from Max. Ltd. In exchange for the goods, panda Marketing make payment to the latter. Max. Ltd used it to pay its working including Alex.

As you can see this short story give you a glimpse of how cash/notes passes hand. You wonder where is the banking sector. Now we cannot usually carries cash/nootes for payments. Imagine paying Rs 100,000 to Panda by winners. 

Thus the role of bank is crucial as it acts as an intermediaries between the bank and the customers ( Mr, Alex, Winners, Max.Ltd, Panda Marketing )

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About Rishi

This author is a BSc holder in Banking and Finance and is an certified TV News Anchor by Headlines Today.Other skills are as follows: Data journalist by European Journalism Center | Video Editor and Social Jockey. Indian TV Show reporter ► More available on his google plus profile. Click https://plus.google.com/108854951333036458817