After not getting his loan approved from a bank, an agitated man allegedly got revenge on the financial institution by setting it on fire.

The incident happened on 8 January at Canara Bank's Hedigonda branch, in the Haveri district of southern India's Karnataka.

Video shows smoke billowing from the burning building while fire fighters attempt to get control of the situation.

Kaginele police later arrested the alleged culprit as he attempted to leave the village.

The man applied for a loan at the bank but got rejected since his Credit Information Bureau India Limited (CIBIL) score was low.

Disappointed over rejection, he broke one of the bank's windows and poured petrol inside. Following this, he set the premises on fire, gutting property worth over 16,000 US dollars.

After not getting his loan approved from a bank, an agitated man set the financial situation on fire in southern India's Karnataka on January 8.

The incident took place at the Canara Bank's Hedigonda branch, located in the Haveri district.

Visuals feature the bank premises set ablaze. clouds of dark smoke rise towards the sky. Meanwhile, the fire brigade at the spot attempts to gain control of the situation. Later, the Kaginele police officials arrest the culprit behind the blaze.

The man, identified as Wasim Hazaratsab Mulla, applied for a loan at the bank but got rejected since his Credit Information Bureau India Limited (CIBIL) score was low.

Disappointed over rejection, Mulla broke open one of the bank's windows and poured petrol inside. Following this, he set the premises on fire, gutting property worth Rs 12 lakh (USD 16,240).

Upon being alerted, the Kaginele police and Haveri fire officials rushed to the spot and gained control of the situation. Moreover, the cops arrested Mulla while he attempted to flee the village.