Armed men rob SBI branch of cash, gold worth Rs 20 cr

Three masked men armed with country-made pistols and knives allegedly robbed a nationalised bank in this district, making off with over Rs 20 crore in cash and gold ornaments, after tying up the staff, police said on Wednesday.

- OUR CORRESPONDENT

‘The incident occurred at around 6.30 pm on Tuesday at the State Bank of India branch in Chadchan town of Vijayapura district, they said.

In total, cash and gold ornaments worth over Rs 21 crore have been stolen by the robbers, as per the estimate of the bank authorities.

According to police, three masked men came to the bank under the pretext of opening a current account and threatened the manager, cashier and other employees with pistols and knives. The gang tied up the hands and feet of the staff.