Shankar Ram Solanki, general manager at Bank of Baroda, was stopped by the accused and fired upon near the Post Master General Office, police said.
The victim, a native of Bhopal, was seriously injured and rushed to a private hospital in the area. His condition was stated as stable, they said, adding the motive of the crime is yet to be ascertained.
"A case has been registered at the Kotwali police station. Four police teams besides a crime branch team have been deployed to nab the accused," SSP Jogindra Kumar said.
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