Bank of Mauritius to investigate fair banking practices

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The Bank of Mauritius today (July 4) said a growing number of complaints from consumers had led it to launch an investigation into the terms and conditions of contracts consumers sign, including fees, commission and charges levied by banks.

The central bank said the study was in line with its mandate to promote economic development and ensure the stability of the financial system. Competition in the banking industry was an important part of this, the central bank said. "Ideally, consumers should

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