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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
6/23/1990	Harindranath Chatopadhyay, famous poet, actor and former member of Parliament, passed away.
6/23/1990	Sikh Guru Amardasji, great social worker and teacher, was born at Basare village near Amritsar district.
7/28/1994	Uproar in Parliament over the Government's rejection of JPC report.
11/11/1979	President N. Sanjiva Reddy declares the opening of the first International Trade Fair of India.
8/23/1947	Sardar Vallabhbhai Patel was sworn is as the Deputy Prime Minister of India.
8/25/1997	Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).
11/19/1975	Sushmita Sen, former Miss Universe and film actress, was born.
8/15/1969	Indian Space Research Organisation (ISRO) formed under Department of Atomic Energy.
3/14/1910	Dalai Lama makes a rare state visit to the Viceroy of Calcutta.
1/4/1892	J. C. Kumarappa, a Gandhian by thought, 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.