Lee attributes this to customers worrying about visiting huge shopping malls in the course of the pandemic and preferring to buy on the store nearest house instead. Industry sources say 99 Speedmart is the grocery market chief, commanding a tenth of the market. The lender on Saturday reported 19% year-on-year rise in web profit for the quarter ended December to Rs 12,259 crore. Net interest revenue increased almost 25% on 12 months to Rs 22,988 crore, and this was the most effective growth seen by the financial institution in atleast three quarters. Provisions and contingencies for the quarter dropped 6.3% YoY to Rs 2,806 crore.
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