Fearing job loss, MP Paytm bank employee ends life

February 26, 2024  21:38
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A 35-year-old staffer of Paytm Payments Bank Ltd has committed suicide by hanging himself in Indore prima facie due to stress over potential job loss, the police said on Monday. 

"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," said police inspector Taresh Kumar Soni. 

He said Gupta allegedly hanged himself at his house on Sunday. 

The police have not found any suicide note from the spot, Soni added. 

Notably, the Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliance and continued material supervisory concerns in the bank. -- PTI
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