Core Insights - Vijayapura district in Karnataka has experienced a significant bank robbery, marking the second such incident in four months, with armed men stealing cash and gold valued at approximately ₹21 crore from a State Bank of India (SBI) branch [1][2] Incident Details - The robbery at the SBI branch occurred around 6:30 p.m., where suspects posed as customers and threatened bank staff and customers with knives and pistols, ultimately tying up ten individuals [2] - The stolen items included about ₹1.4 crore in cash and nearly 20 kg of gold, valued at around ₹20 crore, much of which was pledged by customers as collateral for loans [2] - The suspects managed to break open 298 out of 425 lockers in the branch, although the exact value of the stolen jewelry is still being determined due to technical issues with the bank's LAN network [3] Investigation Progress - Preliminary investigations indicate that the suspects used a Suzuki EVA vehicle with a fake number plate and reportedly fled towards Pandharpur in Maharashtra [3] - Law enforcement is actively investigating the case and gathering leads to apprehend the suspects [3]
Second major bank heist in Vijayapura, ₹21 crore looted from SBI branch
BusinessLine·2025-09-17 15:19