Bank loses Rs 87 lakh to SIM swap fraud, Karnataka high court orders BSNL to pay over Rs 55 lakh compensation
TIMESOFINDIA.COM / Jun 05, 2026, 18:12 (IST)
Karnataka High Court holds BSNL responsible for an Rs 87 lakh bank fraud, stating the telecom giant's negligence in issuing a duplicate SIM enabled cybercriminals. The court dismissed BSNL's challenge, enhancing compensation to over Rs 50 lakh plus interest, emphasizing a heightened duty of care for financial institutions.