Bank Rate refers to the official interest rate at which RBI will provide loans to the banking system
Bank rate is used as a signal by the RBi to the commercial banks on RBI's thinking about what the interest rate should be.
RERO RATE
Repo denotes Re Purchase Option -the rate by which RBi gives loans to other banks i.e., it is the rate at which banks buy back the securities they keep with RBI at a later period
REVERSE REPO RATE
The rate at which RBI borrows from the bank is known as Reverse Repo Rate
CRR
Cash Reserve Ratio , it corresponds to the percentage of cash each bank has to keep as a cash reserve with RBI
SLR
Statutory Liquidity Ratio or SLR is the minimum percentage of the deposit that a commercial bank has to maintain in the form of Liquid cash/ gold/or other
OMO
Open market operation is a platform where government securities are sold and purchased by RBI.
BANK RATE
It is the official interest rate at which RBI provides a loan to the bank and extends long term credit to commercial banks.