It is a well written article Christopher. I would like to add that Foreign banks have long sought these changes to the law which they say have encouraged them to expand their operations in India. In fact Standard Chartered Bank is becoming the largest foreign bank in India for its operations in banking and financial services followed by HSBC and Citibank. We require foreign banks in the country and also in agriculture. They can bring in product innovation in lending to agriculture and SMEs rather than derivatives. I also think that private lenders and foreign banks would bring in a revolution in agriculture finance as they did in retail and technology, helping public sector banks learn in the process.