A 35-year-old employee working at Paytm Payments Bank Ltd died by suicide in Madhya Pradesh’s Indore on Sunday, allegedly due to stress over potential job loss, police said.
The victim has been identified as Gaurav Gupta. He had been under stress for the past few days fearing that the company might shut down, resulting in the loss of his job. Gupta reportedly hanged himself at his residence on Sunday, PTI reported.
According to police inspector Taresh Kumar Soni, “As per the preliminary investigation, Paytm staffer Gaurav Gupta was under stress for the last few days, fearing that the company might close down, and he might lose his job. We are investigating.”
However, the police did not find any suicide note at the scene.
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Notably, the Reserve Bank of India (RBI) has prohibited Paytm Payments Bank Ltd from accepting deposits and credits from any customer after March 15 due to persistent non-compliance and ongoing material supervisory concerns within the bank.