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Banks would prefer to defer any decision on lending rates until after the RBI holds its monetary policy review on April 7, Bank of India Chairman V R Iyer told reporters on Wednesday.
"Banks would prefer to wait for April policy before taking a decision on interest rates," said Iyer on the sidelines of a meeting between bankers and government officials.
"There is a possibility of 10-20 bps cut after the (April) policy," she added.
Bank of India's is India's third-largest lender by assets.
The Reserve Bank of India has cut its policy repo rate by 50 basis points since January, but only a few banks have lowered their base lending rates.
