International Trade committee  No. I'm a young Canadian and still have not decided where I lean to—

International Trade committee  To clarify, we have approximately 170 employees in India and five branches in some of the metropolitan cities.

International Trade committee  Yes. It's primarily corporate and commercial services that we provide. We also have a retail licence, but with a limited product range. I guess the largest inroad we have made is in the precious metals area. ScotiaMocatta is one of the largest dealers of precious metals in Indi

International Trade committee  I could probably comment on that. Scotiabank has some very significant experience in micro-lending in South America. The thing is, you can't do it as a standard loan operation in India. It has to be part of a larger financial institution. Because of the way the branches and the

International Trade committee  As far back as 10 years ago, all the banks were nationalized. They did open up that sector, but only for private Indian investment. It's been a very heavily regulated environment. We've seen very recently that they have opened up certain sectors, for example, insurance is now up

International Trade committee  Thank you, sir. It's my pleasure to present to all of you today, and I thank you for this opportunity. I am Nav Bubber, director of the Scotia Private Client Group at Scotiabank. You just heard from Cam Vidler of the Canadian Chamber of Commerce on the opportunities that th

International Trade committee  Yes, very clearly, thank you.