Bank of Baroda can be called upon to play a prominent role in this respect. The application of a mechanism similar to this one has helped to maintain a steady and growing level of tourism between South Africa and Mauritius over the years. South African rand banknotes are today freely exchanged by South African travellers in Mauritius.
I now wish to commend the recent marketing initiatives of Bank of Baroda to make itself more visible in our banking industry. “Rapid Funds2India”, a service free of cost to the bank’s customers in Mauritius and India, is a laudable effort towards lower cost of banking services.