RBL Bank has announced the approval of 23,000 stock options to eligible employees, each convertible into an equity share of ₹10. The exercise price for these options is set at ₹338.10, reflecting the closing price on the National Stock Exchange on 15 May 2026.
The Nomination and Remuneration Committee of RBL Bank approved this grant on 16 May 2026, under the bank’s Employee Stock Option Plans (ESOP) 2013 and 2018. The options will vest in a staggered manner: 30% after the first year, another 30% after the second year, and the remaining 40% after the third year. Employees will have a five-year window from the vesting date to exercise these options.
The ESOP 2013 and ESOP 2018 plans were formulated in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. These plans were amended to align with the updated SEBI regulations, ensuring compliance with the latest guidelines.
The exercise price determination was based on the highest trading volume recorded on the National Stock Exchange, which is a recognised stock exchange. This strategic move is part of RBL Bank’s efforts to incentivise and retain talent by aligning employee interests with the company’s growth.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).