RBL Bank has approved the grant of 2,38,000 employee stock options to eligible staff under its ESOP 2013 and ESOP 2018 schemes. The decision was cleared by the bank’s Nomination and Remuneration Committee on 21 March, 2026, as part of its ongoing efforts to strengthen employee incentives and retention.
Each stock option can be converted into one equity share with a face value of Rs 10. The exercise price has been fixed at Rs 297.25 per option, based on the closing market price recorded on 20 March on the National Stock Exchange of India. This ensures alignment between employee rewards and prevailing market valuation.
The vesting structure has been designed in a phased manner over three years. Employees will see 30 per cent of their options vest after the first year, another 30 per cent after the second year, and the remaining 40 per cent at the end of the third year. Once vested, employees will have a five-year window to exercise these options, subject to the terms of the scheme.
The bank confirmed that both ESOP programmes are compliant with the Securities and Exchange Board of India regulations governing share-based employee benefits. The disclosure has been made in line with listing requirements applicable to publicly-traded companies.
The latest grant reflects RBL Bank’s continued focus on linking employee performance with long-term value creation. By offering equity-linked incentives, the bank aims to enhance engagement while aligning employee interests with those of shareholders.
