Summary:
On July 28, Rs 17.68 lakh was stolen from an SBI ATM at Masaurhi Chowk. "A major reason behind not deploying guard is cost-cutting by banks," he said, adding the cost of one ATM is around Rs 3.5 lakh. Criminals had uprooted the ATM and fled with it in a pickup van.More than Rs 12 lakh was stolen from another ATM kiosk under NTPC police station area in Patna district in the month of July. The ATM as well as the cash kept in it are insured properties of banks," the banker said. "Banks minimise their losses by claiming insurance..