RBL Bank’s Nomination and Remuneration Committee has approved the grant of 3,11,000 stock options to eligible employees under the Employee Stock Option Plan 2013 and 2018. The exercise price is set at ₹317.65 per option, based on the latest closing price on April 22, 2026.
The stock options are convertible into an equivalent number of equity shares with a face value of ₹10 each. These options will vest in three tranches: 30% at the end of the first year, another 30% at the end of the second year, and the remaining 40% at the end of the third year. Employees have a five-year window from the vesting date to exercise their options.
The ESOP 2013 and ESOP 2018 schemes were formulated in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This regulatory alignment ensures that the stock options are granted in accordance with the latest SEBI guidelines.
The decision was made during a committee meeting held on April 23, 2026, and the details have been made available on RBL Bank‘s official website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).