Police said that the armed man stormed into a UCO Bank branch in Kakching Bazar.
Citing the CCTV footage, they said that the masked man forced the unarmed bank guard and other officials to open the lockers and cash counters to loot the money. He then fled.
Senior police officials along with additional force rushed to the spot and launched a search operation to nab the robber.
An investigation is underway and further details are awaited.
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Last year armed men looted banks in Manipur on two occasions.A sum of Rs 18.85 crore was looted from a Punjab National Bank (PNB) branch in Ukhrul town on November 30 last year. A sum of Rs 1 crore was looted by the armed gang from an Axis Bank branch in Churachandpur district in July last year.
