The police however have not revealed the identity of the accused person.
As per reports, a man snatched a woman's bag at an ATM kiosk in Chandrasekharpur area in the city in a shocking incident that was captured on CCTV.
The incident occurred in an evening of last week when the woman and her friend had gone to the ATM counter to withdraw money.
In the CCTV footage, the accused person can be seen snatching the bag from the victim inside the kiosk and fleeing from the spot.
The woman and her friend tried to chase the accused, but in vain.
Soon, the victim lodged a complaint at the Chandrasekharpur police station in this regard. The bag contained Rs 40,000 in cash, she complained.
Later, the CCTV footage was shared with all police stations in the city.
Subsequently, the property offence prevention and detection (POPD) team of Nayapalli Police Station arrested the accused from a slum in Nayapalli area and recovered the stolen item.
Police also said that they launched a manhunt to nab another accused who was allegedly involved in the crime.