IDFC FIRST Bank’s Nomination & Remuneration Committee has approved the grant of 6,20,000 stock options to eligible new employees. These options, granted as part of their job offers, aim to incentivize, encourage, and attract talent. The options will vest equally over four years (25% each year) with an exercise period of three years from the vesting date.
Employee Stock Option Grant
The Nomination & Remuneration Committee of IDFC FIRST Bank (NRC) approved the grant of 6,20,000 stock options during a meeting held on January 30, 2026. The allocation is intended for eligible new employees of the bank.
Purpose and Vesting Details
These stock options fall under the ‘IDFC FIRST Bank Limited – Employee Stock Option Scheme.’ The primary objective is to incentivize, encourage, and attract talent by including the options as part of their job offers. The options will vest equally over a period of four years (25% each year). Additionally, the employees will have an exercise period of 3 years from the date of respective vesting.
Committee Meeting Conclusion
The Committee Meeting commenced at 02:00 p.m. and concluded at 03:00 p.m. on January 30, 2026.
Source: BSE
