San Francisco Bay Area Indian Community - SFIndian.com
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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
1/16/1985Balram Jakhar elected Speaker of the Lok Sabha.
5/12/1984Dr. Rajah Sir Muthiah Chettiar, social reformer, passed away at Madras.
12/22/1871Lord Edward Allanbaro, governor general of India (1842-1844), died.
6/25/1922Satyendranath Datta, famous Bengali poet, passed away.
5/1/1908Praful Chaki committed suicide after he threw a bomb on Judge Kingsford of Mujaffarpur, killing two inocent women.
10/27/2000The Vajpayee Government 'clears' the names of Surjit Singh Barnala, Prabhat Kumar and Dinanath Tiwari for appointment as the Governors of the new States of Uttaranchal, Jharkhand and Chhatisgarh respectively.
10/28/1997Gold import placed under Open General Licence.
5/4/1993Santosh Yadav became the first Indian woman to conquer the Everest twice.
1/14/1990J&K Governor quits.
7/6/1999The Indian High Commission staff member Yog Raj Vij, who was beaten up and abducted by Pakistani intelligence operatives, is released. India strongly condemns this assault.