NEW DELHI: State-run Punjab National Bank (PNB) nowadays announced an Employee Stock Option Plan (ESOP) scheme in order to preserving its ability and incentivising group of workers via issuing up to 10 crore equity stocks.
The bank stated it's going to factor up to 10 crore equity stocks to its employees under 'Employee Stock Purchase Scheme (ESPS).'
A notice is being positioned to board in its ensuing assembly dated June 15, 2018, relating to ESPS with a suggestion for issuance of up to 10 crore equity stocks to its employees, the bank stated in a regulatory filing.
"The members of nomination and remuneration committee will decide the total number of shares to be issued under the ESPS along with the maximum number of shares to be issued to an employee," the bank stated.
The govt in March 2017 had allowed public sector banks to offer inventory options to their employees, geared toward preserving skilled arms and higher incentives but even so a method of capital elevate.
Allahabad Bank and United Bank previous in December had announced to offer their employee inventory option scheme.
Both the banks will be offering 5 crore atypical stocks to their group of workers.
The proceeds from the proportion sale might be used to lift the badly wanted core capital of the bank which has long ago been positioned under the instructed corrective action via the Reserve Bank, Allahabad Bank had stated in previous in January.
"The price at which these shares will be issued would be decided by the board or committee of directors," it had stated.
United Bank has additionally initiated a procedure to make employees stakeholders by the use of issuing ESOP.
The bank stated it's going to factor up to 10 crore equity stocks to its employees under 'Employee Stock Purchase Scheme (ESPS).'
A notice is being positioned to board in its ensuing assembly dated June 15, 2018, relating to ESPS with a suggestion for issuance of up to 10 crore equity stocks to its employees, the bank stated in a regulatory filing.
"The members of nomination and remuneration committee will decide the total number of shares to be issued under the ESPS along with the maximum number of shares to be issued to an employee," the bank stated.
The govt in March 2017 had allowed public sector banks to offer inventory options to their employees, geared toward preserving skilled arms and higher incentives but even so a method of capital elevate.
Allahabad Bank and United Bank previous in December had announced to offer their employee inventory option scheme.
Both the banks will be offering 5 crore atypical stocks to their group of workers.
The proceeds from the proportion sale might be used to lift the badly wanted core capital of the bank which has long ago been positioned under the instructed corrective action via the Reserve Bank, Allahabad Bank had stated in previous in January.
"The price at which these shares will be issued would be decided by the board or committee of directors," it had stated.
United Bank has additionally initiated a procedure to make employees stakeholders by the use of issuing ESOP.
PNB board to consider employee stock option scheme
![PNB board to consider employee stock option scheme]()
Reviewed by Kailash
on
June 13, 2018
Rating:
