RBL Bank has announced the grant of 81,000 stock options to eligible employees under its Employee Stock Option Plan schemes. The Nomination and Remuneration Committee approved this grant on January 16, 2026, as part of the bank's employee incentive programs.

Stock Option Grant Details

The committee approved the grant of 81,000 stock options convertible into an equal number of equity shares of ₹10.00 each. These options were granted under two existing schemes - Employee Stock Option Plan 2013 (ESOP 2013) and Employee Stock Option Plan 2018 (ESOP 2018).

Pricing and Exercise Terms

The exercise price of ₹312.00 per option was determined based on the latest available closing price on January 14, 2026, which was the previous trading day prior to the grant date. This price was taken from the National Stock Exchange of India Limited, being the stock exchange that recorded the higher trading volume.

The pricing formula follows the bank's established policy of using the latest available closing price on the previous trading day prior to the grant date on the recognized stock exchange with higher trading volume.

Vesting and Exercise Schedule

The granted options follow a graded vesting structure spread over three years:

Employees will have a period of five years from the date of vesting to exercise their options, subject to the terms and conditions specified in ESOP 2013 and ESOP 2018.

Regulatory Compliance

Both ESOP 2013 and ESOP 2018 were originally formulated based on SEBI (Share Based Employee Benefits) Regulations and have been subsequently amended to align with the requirements of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The schemes were approved by shareholders and comply with current regulatory frameworks.

The bank has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both BSE Limited and National Stock Exchange of India Limited about this grant. The information has also been made available on the bank's website at www.rbl.bank.in in compliance with Regulation 46(2) of the regulations.

RBL Bank has announced a reduction in savings deposit rates for high-value accounts, marking a significant adjustment in its deposit pricing strategy. The rate cut came into effect from January 15, 2025, and specifically targets customers with substantial account balances.

Rate Reduction Details

The Mumbai-based private lender has implemented a 50 basis points cut in savings deposit rates for accounts maintaining balances between ₹25 lakh and ₹3 crore. This adjustment brings down the peak savings account rates from the previous 6.50% to 6.00%. The interest rates on balance slabs less than ₹25 lakh and above ₹3 crore have been left unchanged by the lender.

Market Performance

Shares of RBL Bank are trading 1.30% higher at ₹309.65. The stock is trading close to its 52-week high of ₹332.00, having doubled in value over the last 12 months with gains of 101.00%.

Industry Context

The rate adjustment follows a similar trend in the banking sector. Earlier this month, IDFC First Bank also reduced interest rates on savings account deposits across several balance slabs by up to 200 basis points. This indicates a broader industry movement toward deposit rate adjustments based on market conditions and regulatory requirements.