Insurance companies gained Rs 41k crore on bourses in a yr

The global financial crisis might have created an upheaval in the local stock markets, but domestic insurance companies gained a whopping Rs 40,942 crore in the bourses during the one-year period between August 21, 2008 and August 21 this year. During the period, the market capitalisation of bank stocks held by insurance companies increased 103.2% to Rs 43,097 crore on August 21, 2009, from Rs 21,212 crore recorded in the year-ago period.

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