RBL Bank Grants 2.38 Lakh ESOPs to Employees at ₹297.25 per Share
Mumbai, March 21, 2026: RBL Bank Limited has approved the grant of 2,38,000 employee stock options (ESOPs) to eligible employees under its ESOP 2013 and ESOP 2018 schemes, as part of its employee incentive and retention strategy.
The decision was taken by the bank’s Nomination and Remuneration Committee on March 21, 2026. The granted options are convertible into an equal number of equity shares with a face value of ₹10 each.
The exercise price has been set at ₹297.25 per option, based on the latest closing price on March 20, 2026, on the National Stock Exchange of India Limited, which recorded the highest trading volume among exchanges.
Vesting Structure and Timeline
The ESOPs will vest in a phased manner over three years:
- 30% at the end of the first year
- 30% at the end of the second year
- 40% at the end of the third year
Once vested, employees can exercise the options within five years from the date of vesting, subject to the terms of the schemes.
The bank confirmed that both ESOP 2013 and ESOP 2018 are aligned with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring compliance with current regulatory standards.
This move reflects RBL Bank’s continued focus on employee engagement, performance incentives, and long-term value creation, while aligning employee interests with shareholder returns.
The disclosure was made to BSE Limited and the National Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.