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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 |
| 12/8/1922 | Hari Prasad Sharma, cricket Test umpire for 3 tests from 1974-77, was born at Delhi. |
| 1/9/1919 | Theophane A. Mathias, educationist, was born. |
| 8/3/1939 | Apoorva Kumar Sengupta, cricketer (1959 Test - India vs WI, without distinction), was born in Lucknow. |
| 5/5/1972 | Loknathan P. S., great economist, passed away. |
| 3/21/1979 | Morarji Desai, PM, inaugurated the Backward Classes Commission in New Delhi. |
| 10/24/1605 | Jahangir became the fourth Emperor of Mughal Empire at Agra. |
| 1/24/1994 | India sends six proposals to Pakistan to resolve bilateral problems. |
| 9/29/1907 | Labour MP James Keir Hardie accuses UK of running India 'like the Czar runs Russia' |
| 5/14/1923 | Narayan Ganesh Chandavarkar, one of the founder members of Indian Congress and social reformer, passed away. |
| 11/11/1888 | Acharya Kripalani, nationalist and member of the Parliament, was born at Hyderabad, Sind. |
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