Militants loot Rs 11 lakh from Jammu and Kashmir Bank branch in Pulwama

Militants looted Rs 11 lakh from Jammu and Kashmir Bank branch in Pulwama, Kashmir on Thursday.

Four gunmen entered the Ratnipora branch of the J&K Bank Ltd in Pulwama and looted about 11 lakh money. A man hunt has been launched in the valley.

Robbery cases have surged in the valley since the PM Narendra Modi on November 8 annnounced to demonetize the higher denomination currency notes.

On November 21, four armed masked men robbed Rs 13 lakhs in old currency note from a bank in Malpora, about 100km from Srinagar. In another robbery attempt,  bank in Kashmir's Pulwama district on December 8 was robbed and thieves made away with Rs 10 lakh. Three armed men looted a bank on gunpoint in Kulgam district of Kashmir in October. Unidentified persons looted over Rs 34 lakh from a Jammu and Kashmir Bank branch in Kishtwar district.