I am pleased to inform this august audience that distinguished dignitaries sitting on the dais will give away the prizes to the winners of the State Level Quiz Competition. BIS Review 40/2010  1  5. Finally, I would like to say a few words about Electronic Benefit Transfer (EBT) Scheme which is formally being launched today by Chief Secretary, Shri S.V. Ranganath.
Consequently, our estimate is that while the cash rate has fallen by 50 basis points since mid 2011, the major banks’ average cost of deposits has declined by about 25 basis points. In other words, while the average interest rate on deposits has indeed fallen, it has risen relative to the cash rate.