A gang of dacoits looted five million rupees cash from a private bank in tehsil Sadiqabad on Saturday morning, some 35 kms from here. According to police sources, eight dacoits entered a branch of UBL Ltd in a locality Sanjarpur, held the staff at gunpoint and decamped with the booty. DPO RYK, Sohail Habib Tajik went to the site and started investigation.