Monetary Control Policy

Reserve Bank of India makes use of all those methods of credit control that are adopted by other Central Banks in the world.
These measures are as under RBI
Bank Rate: Rate of interest that the Reserve Bank charges from other scheduled bank on loans given to them is called bank rate.
Repo Rate: It was introduced in December, 1992 by RBI. It is the rate at which RBI lends short-term money to the bank against securities. It is currently is__
Reserve Repo Rate: It was introduced in November 1996. It is the rate at which bamk park short-term excess liquidity with on RBI. It is currently is___
Statutory Liquidity Ratio (SLR): It is the ratio of liquid asset, which all commercial Banks have to keep in the form of cash, gold an unencumbered approved securities equal to  Net demand and time deposits liabilities.
Cash Reserve Ratio (CRR): It is the amount of funds that the banks have to keep with the RBI. If the RBI decides to increase this rate the available amount with the banks comes down. RBI uses this method (increase of CRR rate), to drain out the excessive money from the banks.
Open Market Operation: It means that the bank controls the flow of credit through the sale and purchase of government securities in the open market.
Important points to remember:
Bank Rate, Repo Rate, Reserve Repo Rate:Cash Reserve Ratio. Statutory Liquidity Ratio (SLR) , Marginal Standing Facility (MSF)