Pub­lic Sec­tor Banks may Hand Out Esops from Next Fis­cal Year

The Economic Times - - Front Page -

Em­ploy­ees of state-run banks may stand el­i­gi­ble for stock op­tions from next fis­cal year, as the gov­ern­ment is ac­tively con­sid­er­ing the sug­ges­tion made by the Banks Board Bureau to bet­ter in­cen­tivise staff. For large banks, the em­ployee stock op­tion plan (Esop) could be as much as 5% of profit af­ter tax. For smaller banks, it could be about 3%, a se­nior gov­ern­ment of­fi­cial said.

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