Latest news with #CanaraBank
Hans India
7 hours ago
- Hans India
Bank manager, two others held for over Rs 53 cr heist
Vijayapura: Three people, including a bank manager, have been arrested in connection with the alleged robbery of gold and cash worth over Rs 53.26 crore from Canara Bank's Managuli branch, police said on Friday. The accused have been identified as Vijayakumar Miriyala (41), the bank manager, and his accomplices—Chandrashekhar Nerella (38) and Sunil Narasimhalu Moka (40), police added. The robbery took place at Canara Bank's Managuli branch in Basavanabagewadi taluk of Vijayapura district on May 25, where Miriyala had previously served as branch manager. Vijayapura Superintendent of Police Lakshman Nimbargi said 58.97 kg of gold ornaments worth Rs 53.26 crore and Rs 5.2 lakh in cash were stolen from the bank locker. 'In this case, senior manager Vijayakumar Miriyala from Canara Bank's Hubballi branch and his associates Chandrashekhar Narasimhalu have been arrested,' Nimbargi said. According to police, the accused had systematically conspired to rob the bank. They had planned the heist in February this year but waited until Miriyala was transferred from the Managuli branch to avoid suspicion. Following his transfer to the Ronihal branch in Vijayapura district on May 9, Miriyala handed over the keys to the bank's safe deposit lockers to his accomplices, police said. Using duplicate keys, the trio carried out the robbery and even placed "black magic materials" near the bank to mislead investigators into believing outsiders were involved, police added. Following their arrests, police seized two cars used in the crime, along with 10.5 kg of gold valued at Rs 10.75 crore, which was being transported in the vehicles. Further investigation is underway to recover the remaining stolen gold and cash.
United News of India
15 hours ago
- Business
- United News of India
Canara Bank pays Rs 2,283.41 Cr dividend to Central Govt
Hyderabad/New Delhi, June 27 (UNI) Canara Bank, a Bengaluru-based public sector lender Bank, has paid a dividend of Rs 2,283.41 Crore for the financial year 2024-25 to the Government of India. The Managing Director and CEO K Satyanarayana Raju handed over the dividend cheque to Union Finance Minister Nirmala Sitharaman, the bank said in a release on Friday. For the financial year 2024-25, the Bank declared a dividend of Rs 4 per share (i.e., 200% of face value of Rs 2 per share) reflecting its robust financial performance The bank reported a record net profit of Rs 17,027 crore for the year 2024-25, compared to Rs 14,554 crore in the previous year. This marks a 16.99 per cent increase in annual profit. The dividend payout projects Canara Bank's strong financial performance and its continued commitment to long term value for all stakeholders, including the Government of India, which is the majority shareholder. Bank Executive Directors --Hardeep Singh Ahluwalia, Bhavendra Kumar, and S.K. Majumdar were also present on the occasion. UNI KNR BM
Time of India
20 hours ago
- Business
- Time of India
Rs 1 crore donation collected at Yallamma temple
Pic: Temple deity Renuka Yallamma Belagavi: The monthly hundi counting of the Renuka Yallamma Temple in Savadatti concluded on Thursday, with a collection of Rs 1 crore this time. This includes 53 grams of gold jewellery worth Rs 5.2 lakh, 1,276 grams of silver jewellery worth Rs 1.2 lakh, and Rs 98.2 lakh in cash. Ashok Dudagunti, secretary of the Yallamma temple authority, informed that lakhs of devotees from various parts of the country visit the temple every day. In the wake of their wishes being fulfilled, they offer their devotion by depositing not only cash but also gold and silver jewellery in the temple's hundi. Thus, the counting of the offerings deposited by the devotees in the hundi took two days. Hundis were broken in the presence of the secretaries of the Yallamma temple authority, temple officials, Belagavi deputy commissioner, officials of the religious endowments department, tahsildar's office of Savadatti, and Savadatti police. religious endowments department officer Balesh Abbai, MP Dyamanagoudar, Allamaprabhu Prabhunavar, RH Savadatti, NM Mudigoudar, and Canara Bank manager Chanakshi were present.
News18
a day ago
- News18
Inside Job: Karnataka Canara Bank Manager Nabbed In Rs 53 Crore Gold Theft
Last Updated: The perpetrators reportedly cut window rods to gain entry between May 23 and May 25, forced open a safe locker, and removed the CCTV equipment to conceal their identities. In a significant breakthrough, the Vijayapura District Police have arrested three individuals, including a senior bank manager, connected to the theft of nearly 59 kg of gold from a Canara Bank branch in Managuli on May 26. The robbery, initially valued at Rs 53.26 crore in gold ornaments and Rs 5.20 lakh in cash, posed a considerable challenge for law enforcement. The arrested individuals are Vijayakumar Mohanara Miriyala (41), the Senior Manager of the Canara Bank branch, and his alleged accomplices Chandrashekar Kotilingam Nerella (38) and Sunil Narrasimhalu Moka (40), all apprehended from Hubballi. Authorities have recovered gold jewellery and bars worth Rs 10.75 crore and two vehicles believed to have been used in the crime. The search for the remaining suspects and stolen valuables is ongoing. Police investigations reveal that the heist was meticulously planned, involving prior reconnaissance. The perpetrators reportedly cut window rods to gain entry between May 23 and May 25, forced open a safe locker, and removed the CCTV equipment to conceal their identities. To divert police attention, some materials were strategically placed within the bank premises. Eight special teams conducted extensive investigations across various states for over a month, leading to these arrests. The Incident The police state that the bank employees closed the branch on the evening of May 23. The bank was on holiday on May 24 (fourth Saturday) and May 25 (Sunday). On the morning of May 26, when the bank peon arrived for cleaning, he noticed that the locks of the shutter were cut. He immediately informed the bank officials and the police. The investigation revealed that the thieves broke into the bank and escaped with gold from the locker. This gold was deposited in the bank under gold loans. First Published: June 27, 2025, 11:56 IST
Time of India
2 days ago
- Time of India
Bank manager, 2 others held for Rs 53cr robbery
Pic: Vijayapura SP Lakshman Nimbargi and others having a look at the gold stolen from Canara Bank's Managuli branch. Vijayapura: A bank manager and his two accomplices were arrested in connection with the theft of gold and cash valued at Rs 53.3 crore from Canara Bank's Managuli branch on May 25. Vijayapura SP Lakshman Nimbaragi said here on Thursday that 58.9kg of gold valued at Rs 53.26 crore and cash to the tune of Rs 5.2 lakh was stolen from the locker of the bank in Basavanabagewadi taluk of Vijayapura district. Police suspected the involvement of insiders and eight teams of police personnel were formed to nab the culprits. Police arrested Vijayakumar Miriyal, former manager of Managuli branch, Chandrashekhar Nerella of Hubballi and Sunil Moka, and recovered two cars and 10.5kg of gold valued at Rs 10.75 crore that was being transported in the car. How they planned Nimbargi said: "Nerella, who was dismissed from Syndicate Bank, is into real estate business in Hubballi. He plays in casinos in Goa and Sri Lanka. Moka is his associate." Miriyal along with his friend Nerella and Moka hatched the plan in February this year to loot the bank. They were waiting for Miriyal to be transferred from Managuli branch so that the allegations will come on the new incumbent manager. Miriyal was transferred to Ronihal branch in Vijayapura district on May 9 and the crime was committed on the intervening night of May 24 and 25, Nimbargi said. He said Miriyal had handed over the keys of the bank's safe deposit lockers to his two associates and they had got duplicate keys made. The trio had recced the roads and CCTV cameras, and ensured that lights and cameras were dysfunctional on the night of May 24. The trio had kept black magic materials near the branch to give an impression that people from Kerala and Tamil Nadu were involved. SP Nimbaragi said the probe carried out so far is 'Managuli Part I' and 'Managuli II' is awaited. "We have continued our probe to recover remaining stolen gold and cash and nab the others involved in this crime," he said.
