Just over an hour later, a second armed robbery occured at Jammu and Kashmir Bank's Nehama Branch. It is clear that amid intense unrest and a police clampdown in Jammu and Kashmir, desperate militants have found with a new way to terrorise Kashmir and fund their activities: stealing money from banks and ATMs and looting guns from security personnel. Spike in bank robberies since demonetisationOver the last few months, particularly since demonetisation (November 8), there has been a significant spike in case of bank and ATM robberies. The recent spike in incidences of theft of arms and ammunition in Kashmir has been far more than bank robberies. Despite multiple such arrests and raids on terror hideouts, cases of weapon thefts and snatching and bank robberies have continued to pile on.

Source: India Today May 03, 2017 18:18 UTC