Financial institution Worker Units Himself on Hearth After Shedding Job – Banking’s Psychological Well being Disaster

One other Banker, One other Tragic Story—However Will Anybody Care?

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This content material accommodates references to suicide and psychological well being struggles, which can be distressing for some readers. In case you are struggling, please think about reaching out to a trusted pal, member of the family, or a psychological well being skilled. You aren’t alone, and assist is accessible.

For those who want rapid assist, please contact a disaster helpline in your space. Your well-being issues.

Banking jobs have been as soon as thought-about steady, safe, and respectable. At the moment, they’ve turn into a psychological battlefield the place excessive strain, unrealistic targets, and job insecurity are destroying lives.

The current surprising case from Varanasi proves this but once more. Sunil Kumar Mishra, an worker of IDFC Financial institution, set himself on fireplace after dropping his job. His crime? Alleged negligence—a purpose that, let’s be sincere, is usually only a handy excuse utilized by administration.

This isn’t an remoted case. What number of extra bankers must endure earlier than we lastly tackle the psychological well being disaster on this occupation? Let’s speak about the actual drawback banks don’t need to admit.

The Case of Sunil Kumar Mishra – What Actually Occurred?

• Sunil Kumar Mishra, an worker of IDFC Financial institution in Varanasi, was fired from his job.
• His department head, Ranvijay Singh, allegedly terminated him for “negligence.”
• Overcome with despair, Sunil poured petrol on himself close to Ravindrapuri Marg and set himself on fireplace.
• Fortunately, bystanders acted shortly, saving him and dashing him to the hospital.
• He was later discharged, however the psychological scars of this incident won’t ever heal.

Query: What sort of work surroundings pushes a banker to such extremes? Is that this actually nearly job loss, or is the system itself damaged?

The Harsh Reality: Job Insecurity is Destroying Bankers’ Lives

For years, we have been instructed “Authorities banks are protected, however personal banks are dangerous.” However as we speak? Even PSU financial institution workers are fearful of job cuts, department closures, and compelled transfers.

Right here’s what’s taking place within the business:

• Non-public banks are firing workers with out warning.
• PSU banks are pushing for VRS (Voluntary Retirement Schemes), forcing workers to stop.
• Inside politics & favoritism resolve promotions—efficiency doesn’t matter anymore.

Sunil Kumar’s case is proof of what occurs when administration treats workers as disposable. If this could occur to him, it could possibly occur to any banker, any day.

The Poisonous Tradition of Banking: No Psychological Well being Help, Simply Strain

Let’s be actual—who really cares about bankers’ psychological well being?

• HR? No, they work for administration.
• Unions? No, they’re busy in politics.
• Colleagues? They’re fighting their very own issues.
• Managers? They solely care about targets.

If you’re overloaded with work, humiliated for lacking targets, and fearful of dropping your job, who do you flip to? Most bankers endure in silence till it’s too late.

And when somebody like Sunil Kumar takes an excessive step, banks simply transfer on like nothing occurred.

What Ought to Bankers Do to Defend Themselves?

For those who’re a banker, you’ll be able to’t watch for banks to repair the system—it’s important to take cost of your personal monetary & psychological stability.

1. Construct a Second Supply of Earnings

• Your job isn’t safe—settle for this reality now.
• Begin a aspect hustle, freelancing, or content material creation to create a backup plan.
• Study AI, automation, or monetary consultancy—these abilities may help you escape the rat race.

2. Save an Emergency Fund (Minimal 6 Months’ Wage)

• Most bankers stay paycheck to paycheck. For those who lose your job as we speak, how lengthy are you able to survive?
• Maintain no less than 6 months of financial savings so that you just’re by no means absolutely dependent in your employer.

3. Search Assist Earlier than It’s Too Late

• For those who’re feeling excessive stress or hopelessness, discuss to somebody.
• Don’t let office strain make you imagine you’re alone.
• Be a part of assist teams, discuss to ex-bankers, or search skilled assist if wanted.

4. Know Your Rights – Don’t Let Administration Exploit You

• For those who’re being pressured to resign unfairly, doc every little thing.
• Don’t signal any termination letter with out authorized recommendation.
• If termination appears unjust, problem it legally.

Ultimate Ideas: How Many Extra Bankers Earlier than This Business Wakes Up?

Sunil Kumar was fortunate to outlive, however many don’t. Bankers aren’t machines. They’re human beings with households, tasks, and feelings.

What number of extra suicides, breakdowns, and destroyed careers will it take earlier than banking establishments take accountability?

However till that occurs, shield your self. Your employer received’t prevent, your financial institution received’t battle for you. However YOU can take cost of your personal psychological well being and monetary freedom.

And in order for you a neighborhood the place bankers really assist one another, share actual insights, and discuss concerning the issues banks don’t need you to know—be a part of the Bankpediaa Hub WhatsApp Channel now.

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