ALSO READPunjab National Bank third-quarter net profit surges; bad loans stable Punjab National Bank Q3 net profit surges; bad loans stable Asian Development Bank (ADB) and Punjab National Bank (PNB) sign $100 million loan to finance Solar Rooftop projects Punjab National Bank posts fourth-quarter profit as bad loans ease Punjab National Bank reports standalone net profit of Rs 261.90 crore in the March 2017 quarter
Burglars drilled a hole through the wall of the strongroom of a nationalised bank branch in Modinagar here and looted 25 lockers, police said today. The incident came to light yesterday after an employee of the Punjab National Bank opened the strongroom and found a number of lockers looted. Although bank manager Ashok Srivastav in his complaint to police claimed that only 11 lockers were looted, during investigation, it was found that 25 lockers were looted. It is suspected that the incident took place in the intervening night of Saturday and Sunday, a police official said. Senior Superintendent of Police H N Singh said, "It is difficult to say that how much money and ornaments have been looted from the lockers as none of the bank customers who availed locker facility have given a list of items they had kept there." The burglars entered the bank after drilling a hole on the wall on that side of the bank building which faces the a cloth mill area which is deserted, the officer said. No security guard was deployed outside the bank boundary or to keep vigil on the main gate.
The burglars broke into the bank exactly in strongroom where the lockers were fitted. Even the alarms of the bank did not go off and five of the six CCTV cameras were not functioning, the SSP said. The bank manager has been questioned and investigation is underway, the police officer said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)