MUMBAI/SINGAPORE - Singapore state investor Temasek has cut its stake in ICICI , India's second-biggest lender, to 5.76 per cent as of September 30 from 7.6 per cent at the end of June, stock exchange data showed.

Temasek said in a statement in Singapore that any stake sales are part of regular moves to review and rebalance its portfolio.

"We're optimistic about the long term growth potential of Asia, including India, and we'll continue to build on our investments and portfolio in the region," said Manish Kejriwal, senior managing director and country head for India at Temasek.