Overview

• Thieves seized 58.975 kg of customer-pledged gold and ₹5.2 lakh in cash from the locked Managuli branch during the May 23–25 weekend, with the breach uncovered by a sweeper on May 26.
• Investigators found the main entrance lock cut, alarms and CCTV disabled, while robbers used a fake locker key and left a black doll to mislead police.
• Eight specialised teams have been mobilised to identify the six to eight suspects and determine whether bank staff colluded in the crime.
• Canara Bank has assured customers that all stolen assets were fully insured under its gold loan policy and has urged depositors not to panic.
• This robbery follows other high-value gold thefts in Karnataka, including recent heists at SBI Nyamathi in October 2024 and Vyavasaya Seva Sanghari Bank in January 2025.