India, Sept. 17 -- One of the branches of the State Bank of India (SBI) witnessed a big robbery as armed men tied up staff on duty and looted cash and gold worth Rs.21 crore. The incident took place on Tuesday at the SBI branch in Chadchan town of Vijayapura district, Karnataka.

According to news agency PTI, three masked men entered the SBI branch on the pretext of opening a current bank account. They were armed with knives and country-made pistols, and threatened the manager, cashier and other employees with them.

The accused tied up the hands and feet of the staff, and later fled with approximately Rs.1 crore cash and 20 kilograms of gold, worth about Rs.20 crore. According to NDTV, the gang had locked up the staff inside the toilet a...