In a saucepan, add the sugar and stir until melted.
Add the water and stir until a caramel sauce forms.
Add the bananas chopped into round slices and stir gently.
Turn off the heat and set aside.
In a saucepan, add the condensed milk and the cornstarch, mix well until combined.
Add the milk and the vanilla essence, turn on the heat and stir until the cream thickens.
Turn off the heat and add the table cream, mix well.
After that, equally split the cream into 4 dessert glasses or cups.
Next, equally split the banana caramel sauce into each glass.
Serve.