IDFC First Bank Approves 98 Lakh Stock Options Grant

IDFC First Bank Ltd's Nomination & Remuneration Committee has approved the grant of 98,00,000 stock options to new joiners and eligible employees. These options are intended to reward, incentivize, and retain talent based on performance. The grant price will be determined by the committee in compliance with SEBI regulations. Executive Board members are excluded from this grant. The options will vest equally over four years (25% annually) and have an exercise period of three months from the respective vesting date. The meeting took place today.