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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.

Other Historical Dates and Events
2/3/1905	Sir Padampat Singhania, great industrialist, was born at Kanpur.
8/8/1990	Violent protests rock Bihar against Mandal Commission Report implementation.
1/23/1961	Supreme Court rules cities & states have right to censor films.
7/24/1932	Madhukar Devram Toradmal, famous actor and playwright, was born.
9/11/1921	Subramania Bharati, freedom fighter, Tamil poet and editor, passed away at an early age of 39.
11/30/1989	Congress (I) emerges largest party in Lok Sabha by winning 193 seats, Congress (I) rule in Karnataka and Veerendra Patil made the Chief Minister.
7/17/1937	Delhi-Calcutta Express Train derailed near Patna killing 95.
10/29/1962	China attacked India.
3/9/1993	14 bus passengers burnt to death in Andhra .
2/5/1992	Last day of Test Cricket cricket for Dilip Vengsarkar.

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Historical Event on 7/1/1996 RBI reduces cash reserve ratio to 12\%.

Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.