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

Other Historical Dates and Events
8/6/1965	Indian troops invade Pakistan.
10/11/1737	A violent earthquake and cyclone hit Calcutta which claimed 3,00,000 lives.
9/9/1872	Sarladevi Chaudharani, Bengali poet, was born.
3/31/1942	During the 2nd World War, Japan was heavily successful in Burma and Andaman which posted a danger to the Indian Security.
2/17/1994	Gopikrishna, internationaly famed 'Kathtak' exponent, died at the age of 61 years.
2/20/1997	RBI relaxes capital adequacy norms for commercial banks.
5/7/1849	Bethune College of Calcutta was established in the upper class families and it was started for female education.
8/14/1954	'State Carrom Association' was established in Mumbai.
7/2/2000	At least 30 people had died after a boat collapsed in Kumla river near Pratapur in Madhubani district of Bihar.
5/4/1994	Fourth developmental launch of ASLV. 113 kg Stretched Rohini Satellite Series (SROSS-C2) was launched by fourth developmental flight of ASLV-D4 from Sriharikota. This carried two scientific payload, a Gamma Ray Burst (GRB) experiment and a Retarding Potential Analyser (RPA). It is still in service.

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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\%.