"That is the total rate cut I see coming ahead," said Kotak, who was here to attend the World Economic Forum (WEF) Annual Meeting.

US Secretary of State John Kerry was due in Nigeria Sunday, just weeks away from closely fought elections overshadowed by fears about mounting Boko Haram violence and poll-related unrest.

The TCS CEO made the statement when taking over as the chair of the IT governors steering committee of the WEF at Davos.