Key facts: Macquarie Capital names ICICI Bank top choice; Prudential sells stake
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Macquarie Capital has named ICICI Bank a top choice among large private banks in India, expecting strong credit growth and margin expansion amid a financial sector earnings recovery.12Prudential sold a 4.5% stake in ICICI Prudential Asset Management for $545 million. ICICI Bank, with a 51% stake, bought shares worth 21.40 billion rupees.3
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