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RBL Bank Grants Over 45 Lakh Stock Options to Employees
8 Dec
Summary
- RBL Bank awarded 45,40,591 stock options to eligible employees.
- The options are convertible into equity shares at an exercise price of Rs. 305.80.
- Grants were made under the Employee Stock Option Plan 2013 and 2018.
RBL Bank has recently allocated a substantial package of stock options to its employees. A total of 45,40,591 options, each convertible into an equity share of Rs. 10, have been granted to eligible staff members. This move aligns with the bank's commitment to employee welfare and retention strategies.
The exercise price for these options has been set at Rs. 305.80 per option. This price was determined based on the latest available closing price on the National Stock Exchange of India Limited on December 5, 2025, which was the previous trading day before the grant date. The chosen stock exchange recorded the higher trading volume.
These grants fall under the purview of RBL Bank's Employee Stock Option Plan 2013 and Employee Stock Option Plan 2018. Such initiatives are typically designed to foster a sense of ownership among employees and align their interests with the long-term success of the bank.
