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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
5/25/1941	5,000 drown in a storm at Ganges Delta region in India.
10/9/2000	The Centre appoints Yogendra Narain as the new defence secretary and K. Sibal as the secretary in the Ministry of External Affairs while effecting a major bureaucratic reshuffle.
2/1/1827	Gordon's Esplanade building was established in Calcutta's Bengal Club.
4/6/1664	Abraham Shipmen died without taking charge of Bombay Islands from Portuguese.
8/13/1993	All the TDP MLAs suspended from Andhra Pradesh Assembly.
5/27/1997	Sri Lanka claims Independence Cup, winning the second match in the best-of-three finals in Calcutta.
5/14/1923	Narayan Ganesh Chandavarkar, one of the founder members of Indian Congress and social reformer, passed away.
12/5/1943	The Japanese planes attack Calcutta port.
5/31/1928	Pankaj Khirod Roy, cricketer (Indian opener, 413 partnership w/Vinoo Mankad), was born in Calcutta. He was the recipient of Padmashree (1975).
6/5/1997	I. K. Gujral's visit to Nepal was marked by signing of Power Trade Agreement and MoU on civil aviation.

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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.