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ICICI Bank (IBN) becomes the 18th biggest bank globally in terms of market cap. Robust loan growth, digitization and non-interest income growth support the prospects, though investors should wait for a better entry point.
India’s stock market capitalisation topped $4.3tn to overtake Hong Kong as the world’s fourth-largest market.
Prime Minister Narendra Modi's party failed to deliver the expected landslide win, clouding the outlook for growth and reform policies.