City
Epaper

Maharashtra: 28-Year Old Banker From Nashik Dies by Suicide After ₹16 Lakh Loss In Stock Market

By Lokmat English Desk | Updated: February 28, 2025 17:53 IST

A 28-year-old man, Rajendra Kolhe, died by suicide on Wednesday evening in Pimpalgaon Bahula, Nashik, after suffering a significant ...

Open in App

A 28-year-old man, Rajendra Kolhe, died by suicide on Wednesday evening in Pimpalgaon Bahula, Nashik, after suffering a significant financial loss of ₹16 lakh in the stock market. Kolhe, a resident of Vitai in Chandwad taluka, was employed at a private bank in Nashik.   Prior to his bank job, Kolhe worked at a private investment firm, where he reportedly invested his earnings in the stock market instead of sending them to his family.  Facing substantial losses, he left the investment firm and joined the private bank in Myco Circle.  However, his financial difficulties and accumulating debts continued to cause him immense distress.   

On the day of Mahashivratri, Kolhe visited the Trimbakeshwar temple.  While returning, he stopped near Jyoti Vidyalaya in Pimpalgaon Bahula.  He then poured petrol on himself and ignited it while seated on his motorcycle.  Local residents alerted the Satpur police, who quickly arrived at the scene.  By that time, Kolhe had suffered severe burns covering 90% of his body, and his motorcycle was completely destroyed by the fire.   Due to the lack of an immediate ambulance response, police and villagers transported Kolhe to the district hospital in a police vehicle.  Despite medical efforts, he succumbed to his injuries later that night.

Suicide Prevention and Mental Health Helpline Numbers:Tele Manas (Ministry of Health) – 14416 or 1800 891 4416; NIMHANS –  91 80 26995000 /5100 /5200 /5300 /5400; Arpita Suicide Prevention Helpline – 080-23655557; iCALL – 022-25521111 and 9152987821; Peak Mind – 080-456 87786; Vandrevala Foundation – 9999 666 555; COOJ Mental Health Foundation (COOJ) – 0832-2252525.

Tags: Stock marketSuicide Newssuicide casesNashikMaharashtra NewsMaharashtraStock Market Loss
Open in App

Related Stories

PuneFive Flights from Pune Airport Cancelled After 'Operation Sindoor'

MumbaiNew Safety Measures Take Effect on Western Railway: Here’s What Commuters Need to Know

MumbaiMumbai Local Train Update: Western Line Services Disturbed Between Churchgate to Marine Line As Cloth Get Entangled in OHE Amid Heavy Rains

NashikMock Drill Held at KTHM College, Nashik to Test Emergency Response After Pahalgam Terror Attack

MumbaiMumbai Mock Drill: From CSMT To Cross Maidan Authorities Train and Guide Civilians (Watch Videos)

Nashik Realted Stories

NashikGirl Jumps Off Ramwadi Bridge in Nashik, Brave Youth Saves Her

NashikNashik Shocker: Man Abandons One-Year-Old Daughter at Former Minister Dr. Bharti Pawar’s House, Later Traced by Police

NashikNashik Weather Update: Heavy Downpour, Strong Winds Cause Power Cuts and Traffic Disruption

NashikNashik to Conduct Mock Drill Exercise on May 7; Full List of Locations and What Citizens Should Know

NashikNashik: Worker on Night Shift Killed with Sharp Weapon in Satpur; Two Arrested