The Bank of Mauritius wisely chose to take the aspersions leveled against it cool headedly – with an elevated sense of respect to the laws governing the banking industry. They have talked the talk. We have walked the walk. In the last six years the Bank of Mauritius has been involved in clearing the banking system, through thick and thin, of outdated practices.
We are today at the tail end of the clearing process. And we have had a rich experience in tackling problematic banks and ‘gentlemen’ delinquents – I mean habitual delinquent borrowers making a good, open and public show of piety of monks in monasteries.