The chairman of India's top lender, State Bank of India, said on Saturday the Reserve Bank of India (RBI) may tighten monetary policy further at its April 20 review.
"It is possible ... there may be some more tightening in the offing," OP Bhatt told television channels.
He also said that he did not see any immediate impact from Friday's RBI move on rates as liquidity continued to be strong in the banking system and there was not enough credit growth.
The RBI on Friday unexpectedly raised rates from record-low levels, tightening for the first time since it began cutting in 2008, citing intensifying inflationary pressures and a steady economic recovery.
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