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flag HDFC Bank reports strong Q1 profits, up 12.2%, and declares bonus shares and a dividend.

flag HDFC Bank saw a 12.2% rise in standalone net profit to Rs 18,155 crore in Q1, with net interest income up 5.4% to Rs 31,439 crore. flag Despite a marginal decline in net interest margin to 3.35%, the bank's asset quality remains strong, with a gross non-performing asset ratio of 1.4%. flag HDFC declared a 1:1 bonus share and a special interim dividend of Rs 5 per share, maintaining a 'Buy' rating with potential upsides of 14-20%.

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