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Place the tapioca pearls in a large bowl and cover with cold water. Set aside for 2 hours or more to soak. Soaking time entirely depends upon the quality of sago or tapioca pearls.
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Strain through a fine sieve. Cook in a large saucepan of boiling water for 10 minutes or until opaque. Drain well.
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Meanwhile, combine the coconut milk, water, sugar and pandan leaves / bay leaves in a large saucepan over low heat. Cook, stirring, for 5 minutes or until sugar dissolves and mixture is heated through.
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Add the tapioca and gently stir to combine. Remove from heat and set aside to cool slightly.
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Spoon the sago kheer / tapioca pudding in serving bowl.
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In a separate non stick pan, melt the jaggery or palm sugar with little water in high heat. Cook and stirring for couple of minutes till the jaggery / sugar dissolves completely.
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Sprinkle the toasted sesame seeds over it and let it cook for few seconds more.
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To serve, add the caramelized banana over the sago pudding, drizzle the sesame and jaggery syrup over it.
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Serve with fresh cut mango or pineapple slices.
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Taste best when the pudding is served chilled.