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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 |
| 4/29/1639 | Delhi's Red fort construction commenced by laying the Foundation Stone by Shah Jahan. This fort was completed on May 13, 1646. |
| 11/18/1974 | Rajni Pannikar,noted story writer, passed away. |
| 2/9/2000 | The Madras High Court suspends the one-year jail sentence passed by a Special Court against the former Tamil Nadu Chief Minister, Ms. Jayalalitha, in the 'Pleasant Stay Hotel Case'. |
| 8/25/1997 | Konkan Railway line in Goa, except for a short stretch between Pernem and Maharashtra border, becomes operational. |
| 12/15/1974 | Rasulatbai, veteran classical music expert, died. |
| 11/12/1939 | Pratap Chandra Lal arrived at the training establishment at RAF Station, Risalpur. He then rose to the Air Chief Marcharl of Indian Air Force. |
| 7/27/1941 | Japanese forces land in Indo-China. |
| 12/6/1976 | Nana Patil, great revolutionary, passed away. |
| 1/25/1983 | Telugu Desam swept to power in Andhra Pradesh. |
| 4/12/1978 | After several state victories, Congress party-I (for Indira) is recognized as official opposition. |
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