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Business News/ News / India/  Paytm Payments Bank staff commits suicide in Indore due to stress over potential job loss
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Paytm Payments Bank staff commits suicide in Indore due to stress over potential job loss

Paytm staffer Gaurav Gupta, 35, hanged himself in Indore apparently due to stress over job loss fears as the company faced closure.

The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 (Bloomberg)Premium
The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 (Bloomberg)

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, 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.

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

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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.

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Published: 27 Feb 2024, 08:59 AM IST
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