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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
6/15/1993	PM Narasimha Rao visits Oman; India and Oman decide to give each other MFN status.
11/1/2000	T. R. Prasad was appointed as the Cabinet Secretary of India. He holds this office till date.
5/30/1867	Maulana Mohammad Kasim Nanantavi established the famous Islamic educational centre 'Dar- Ul -Ulum' in Devkampa, Uttar Pradesh.
8/3/1998	India's most sophisticated medium range surface-to-air missile ''Akash'' was test-fired from the interim test range at Chandipur-on-sea.
3/30/1993	Punjab beat Maharashtra by 120 runs to win Cricket's Ranji Trophy.
1/26/1988	A Post Office was established at Dakshin Gangotri under the Goa Postal Division. (11-7-89).
8/20/1988	Earthquake measuring 6.5 on Richter Scale strikes India and Nepal. Thousands killed.
4/25/1998	The Government announces a new salary structure for university and college teachers, consequent to the implementation of the Fifth Pay Commission recommendations.
3/9/1961	Kotamaraju Rama Rao, famous journalist, passed away.
5/5/1906	Ursula Jeans, actress (I Lived With You, Over the Moon), was born in Shimla, Himachal Pradesh.

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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.