Paytm Payments Bank Employee Dies by Suicide Amid Job Loss Stress: Report

The Reserve Bank of India (RBI) has instructed Paytm Payments Bank to cease accepting deposits and credits from customers effective March 15 due to ongoing non-compliance and significant supervisory concerns.
Paytm Payments Bank

Stressing Over Job Loss, Paytm Payments Bank Staffer Dies By Suicide: Report

Indore: A 35-year-old Paytm Payments Bank staffer, stressed over potential job loss, allegedly died by suicide in Indore, news agency PTI reported citing police. Gaurav Gupta, working for Paytm Payments Bank Ltd allegedly hanged himself at his house on Sunday, the police said.
"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," police inspector Taresh Kumar Soni was quoted as saying by the news agency.
Police have not found any suicide note from the spot, Soni added.
The Reserve Bank of India (RBI) has instructed Paytm Payments Bank to cease accepting deposits and credits from customers effective March 15 due to ongoing non-compliance and significant supervisory concerns. Discussions are underway to transition the bank's operations to other financial institutions.
Earlier, the RBI had directed both customers and merchants of Paytm Payments Bank to transfer their accounts to alternate banks by March 15, extending the previous deadline of February 29 by an additional 15 days to safeguard customer interests.
End of Article
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