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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
6/1/1874	East India Company was dissolved.
5/13/1918	Balasarswati, famous dancer of Bharat Natyam, was born.
2/10/1946	Gandhiji revives 'Harijan' and allied group of weekly journals.
10/31/1920	Inaugural session of the All India Trade Union Congress was conducted in Bombay.
8/25/1948	Jana Gana Mana to be the provisional National Anthem till Constituent Assembly made a final decision.
2/9/1994	Supreme Court sets aside disqualification (under anti-defection law in 1991) of former Goa CM Ravi Naik.
4/4/1984	Squadron Leader Rakesh Sharma was the first Indian Astronaut to go in space from Baikanaur aboard Soviet Space Craft 'Soyuz 11' and revolved around the earth.
1/21/1994	India and Myanmar decide to open border trade.
10/22/1796	Sawai Madhav Rao Peshwa II committed suicide by jumping from the terrace.
5/2/1985	Banarsidas Chaturvedi, famous writer and journalist, passed away.

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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.