I was reading a book named "Laser Physics And Applications by LV Tarasov". In page 19, It tells that
The degree of non-monochromaticity and the time interval $\tau$ consistent with the length of the wave trains of this wave are related as $$\epsilon = 1/\tau v_{0} $$ and we know that $$ \epsilon = \Delta v / v_{0}.$$ So we have $$ \Delta v = 1/\tau. $$ The quantity $\tau$ is referred to as coherence time. The longer the coherence time the higher the coherence of beam of light.
Where $v_{0}$ is the central frequency of the light (laser), $\epsilon$ is the degree of non-monochromaticity and $\Delta v $ is the bandwidth.
But What does the coherence time signifies here?