Delhi HC holds SBI accountable for cyber fraud, orders Rs 2.6 lakh refund, penalty, and compensation for victim
Delhi High Court directed State Bank of India to return 2.6 lakh rupees. A man lost the money to cybercriminals. The court found SBI's response inadequate. The bank failed to act promptly after the fraud report. The court also ordered SBI to pay 9% interest and 25,000 rupees in costs.