RBL Bank Grants 81,000 ESOPs at ₹312/Share | Employee Stock Options 2026

MUMBAI: Private sector lender RBL Bank Limited on Friday announced the grant of 81,000 stock options to eligible employees under its Employee Stock Option Plans (ESOPs). The options are convertible into an equivalent number of equity shares.

Key Details of the ESOP Grant:

Grant Date: January 16, 2026
Number of Options: 81,000 (convertible into 81,000 equity shares of face value ₹10 each)
Exercise Price: ₹312.00 per option
Pricing Basis: The exercise price is set at the latest available closing price on the National Stock Exchange (NSE) as of January 14, 2026, the trading day prior to the grant date. NSE was chosen as it recorded the higher trading volume.

Vesting and Exercise Schedule:
The granted stock options will vest in three tranches over a three-year period:

First Tranche: 30% of options will vest after the first year.
Second Tranche: 30% of options will vest after the second year.
Third Tranche: 40% of options will vest after the third year.

Once vested, employees have a five-year window to exercise these options, subject to the terms and conditions of the respective ESOP schemes.

Regulatory Compliance:
The grant was approved by the bank's Nomination and Remuneration Committee. The schemes—ESOP 2013 and ESOP 2018—are formulated in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

In accordance with SEBI Listing Regulations, the intimation has been submitted to the stock exchanges—BSE (Scrip Code: 540065) and NSE (Symbol: RBLBANK)—and the detailed information is also available on the bank's website.

ESOP grants are a common tool used by companies to attract, retain, and incentivize key talent by aligning their interests with long-term shareholder value creation.