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 network work, it would probably work out better as part of a larger establishment, but the challenge is the restriction on one ownership of an Indian entity. Second, there is a severe challenge for foreign banks in opening new branches in India. The number of branches allocated to foreign banks in India is highly regulated, and it's not a level playing field when competing with Indian banks.
Those are the kinds of restrictions that will prevent foreign banks from going into that kind of lending. With micro-lending, the point of access has to be in the areas where micro-lending is required, typically in rural parts of the country, so that reach is possible only with unrestricted branch opening possibilities.