Indore: 35-year-old field manager 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.
Gupta allegedly hanged himself at his house on Sunday, the police said. Police have not found any suicide note from the spot, Soni added.
The Reserve Bank of India has barred Paytm Payments Bank from accepting deposits and credits from any customer after March 15 for persistent non-compliance and continued material supervisory concerns in the bank. Its business are likely to be shifted to other banks for which discussions are underway.
Earlier this month, the bank regulator asked customers as well as merchants of Paytm Payments Bank to shift their accounts to other banks by March 15.
The earlier deadline was February 29, which the RBI has extended by 15 days, keeping in view the interest of customers.
Meanwhile, Madhya Pradesh Congress chief Jitendra Patwari said that Gaurav had died as he was afraid that he would lose his job if Paytm shut down and criticised the BJP-led central government for the Paytm crisis.
He questioned in a post on X what actions would be taken against those involved in the case.
“Will this crisis also be resolved in the name of corporate donations? And then, will there be a lot of money in the coffers of @BJP4India?” he said in the post.
It should be noted that Paytm founder Vijay Shekhar Sharma stepped down as the Chairman of Paytm Payments Bank on Monday ahead of March 15 deadline set by the RBI to accept further credits into its customer accounts.
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