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Historical Event on 10/21/1997
RBI de-regulates deposit rates, reduces CRR and Bank Rate (from 10\% to 9) and allows banks to have two sets of Prime Lending Rates.

Other Historical Dates and Events
3/26/1990	Maniben Patel, daughter of Sardar Vallabhai Patel, passed away.
4/1/1987	Bureau of Indian Standards was changed to Indian Standards Institution.
3/22/1964	200 die in communal violence in the industrial towns of Jamshedpur and Rourkela.
7/16/1954	French rule ends in Mahe. De facto power was transferred to the people and the Indian flag hoisted.
4/19/1995	Gopala Ramanujam,Goa Governor, takes up additional charge of Kerala.
7/26/1991	Tamil Nadu and Karnataka observe bandh over Cauvery water issue.
12/20/1904	Virendranarayan Chakravorthy, former Indian Ambassador in England and Governor of Haryana, was born.
6/30/1914	Mahatma Gandhi's first arrest during campaigning for Indian rights in S Africa.
11/5/1996	Madhavrao Scindia rejoins Congress.
4/26/1908	Judge Sarv Mittra Sikri, Chief Justice of Supreme Court of India, was born.

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Historical Event on 10/21/1997 RBI de-regulates deposit rates, reduces CRR and Bank Rate (from 10\% to 9) and allows banks to have two sets of Prime Lending Rates.

Historical Event on 10/21/1997
RBI de-regulates deposit rates, reduces CRR and Bank Rate (from 10\% to 9) and allows banks to have two sets of Prime Lending Rates.