Banking Central | How wholesome is the environment for working at our banks?

The terrible death of Ernst & Young employee Anna Sebastian Perayil, 26, in Pune last week begs an important question in front of the world's fastest-developing economy: Is the labor incapable of keeping up with the business's rapid evolution, or is the business itself immune to the personnel's limitations? There's no doubting that employees are being pushed too far by the intense rivalry in many corporate sectors. The labor ministry has opened an investigation into Anna's passing after her coworkers reported that she suffered a heart attack due to intense job pressure. Justice is something the government is committed to guaranteeing, according to junior labor minister Shobha Karandlaje. However, justice cannot be carried out unless the system is adjusted to prevent any more Anna deaths prematurely. In the banking industry, where competition is fiercer than ever, the state of work pressure may be pitiful. The corporate mosaic frequently blurs the red line between workaholism and work pressure, and both sides deal with comparable levels of stress at work. The workaholics, despite their extreme thinness, manage to overcome the difficulty, while the less fortunate and the majority of workers on the other side of the border are unable to do so. Anna's loss serves as a wake-up call before it's too late. One cannot see the incident in a vacuum. There are several examples of bank employee unions speaking out against the industry's poisonous work culture. Following Anna's passing, a well-known labor organization released a press release issued last week requesting that management take action against workplace harassment and the unfavorable work environment in banks.