Mumbai, February 3, 2026: Private sector lender HDFC Bank Limited has announced the grant of 12,23,724 employee stock options and 12,760 restricted stock units (RSUs) under its approved employee incentive schemes, as part of its long-term talent retention and reward strategy.
In a regulatory filing submitted to BSE Limited and the National Stock Exchange of India (NSE) under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank informed that the grants were approved by its Governance, Nomination and Remuneration Committee (GNRC) at a meeting held on February 3, 2026.
Details of ESOS Grant
HDFC Bank granted 12,23,724 equity stock options of face value ₹1 each at an exercise price of ₹928.10 per option under the Employees’ Stock Option Scheme – ESOS Plan H-2024 (ESOS 062). Each option, upon vesting and exercise, is convertible into one equity share of the bank.
The vesting of these options will take place in four equal stages:
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25% after 12 months
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25% after 24 months
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25% after 36 months
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Remaining balance after 48 months from the grant date
The vested options can be exercised within four years from their respective vesting dates, failing which they will lapse.
RSU Grant Under Incentive Scheme
Additionally, the bank granted 12,760 Restricted Stock Units (RSUs) of face value ₹1 each at a grant price of ₹1 per unit under the Employees’ Stock Incentive Master Scheme – 2022, titled RSU 017.
The RSUs will vest fully after 12 months from the grant date and must be exercised within one year of vesting, failing which they will lapse.
Both the ESOS and RSU grants have been made in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended.
Stock Market Details
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BSE Scrip Code: 500180
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NSE Symbol: HDFCBANK
The move reflects HDFC Bank’s continued focus on aligning employee incentives with long-term shareholder value.