In an exclusive interview with the Economic Times, Albinder Dhindsa, founder and CEO of India’s largest quick commerce firm, Blinkit, stated that it is a misconception to believe that its heavily loss-making rivals will achieve profitability simply because the Gurgaon-based company has managed to do so.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs