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 to 26%. They recently opened up FDI in retail, meaning for foreign direct investment in the retail sector, including companies such as Walmart and other large retail organizations that are going in there. It's been a little more protectionist in the financial sectors. Will that change? Possibly, but we haven't seen anything speaking to that in the recent past.
On March 27th, 2013. See this statement in context.