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flag ICICI Bank and Union Bank of India report significant profit increases amid improved asset quality.

flag ICICI Bank and Union Bank of India have both reported increased net profits for the first quarter of their fiscal year 2026. flag ICICI Bank saw a 15% rise to ₹13,557.60 crore, while Union Bank of India reported a 12% increase to ₹4,116 crore. flag Both banks experienced improvements in asset quality, with ICICI's gross non-performing assets (NPAs) decreasing to 1.67% and Union Bank's to 3.52%. flag ICICI Bank's total assets and advances also grew, though the bank warned of continued pressure on net interest margins due to recent RBI rate cuts. flag Union Bank of India's total income rose to ₹31,791 crore, despite a decline in net interest income.

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