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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
6/23/1997India and Pakistan reach accord on joint working groups to address outstanding issues including Kashmir and Siachen.
3/31/1930Shyamji Krishna Varma, freedom fighter, nationalist and patriot, passed away in Geneva.
3/14/1990Akash' missile tested successfully.
7/31/1997V. Thangapandian (64), Tamil Nadu Commercial Taxes Minister, died at Rajapalayam in Virudhunagar district.
1/26/1995Dr. Nelson Mandela attends India's 46th Republic Day celebration as national guest.
2/26/1996Sahib Singh Verma sworn in as Delhi's second CM.
10/30/1996Pop star Michael Jackson arrives in Bombay.
1/3/1880Publication of 'Illustrated Weekly of India' started.
3/23/1968Atul Satish Wassan, cricketer (Indian pace bowler 1989-90), was born in Delhi.
6/23/1661Princess Catherine of Portugal wed King of England Charles II. Portugal gave island of Mumbai to England as present. The British got Bombay as dowry from Portugal.
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