Fear of Job loss: Paytm Payments Bank employee commits suicide

Madhya Pradesh: A 35-year-old employee of Paytm Payments Bank Limited committed suicide by hanging in Madhya Pradesh’s Indore, police said.

“According to a preliminary investigation, Paytm employee Gaurav Gupta was under stress for the past few days fearing the company’s closure and loss of his job. We are investigating this,” said Police Inspector Taresh Kumar Soni.

Gaurav Gupta committed suicide by hanging himself in his house on Sunday, he said.

The police said that the police did not find any suicide note at the place where the incident took place.

The Reserve Bank of India recently restricted Paytm Payments Bank from accepting deposits and credits from any customer after March 15. Also, Vijay Shekhar Sharma stepped down as Paytm Payments Bank Chairman on Monday.

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