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Which of the following banks has announc...

Which of the following banks has announced an ESOP scheme with a view to retaining its talent and incentivising staff by issuing up to 10 crore equity shares?

A

Punjab National Bank

B

ICICI Bank

C

State Bank of India

D

HDFC Bank

Text Solution

Verified by Experts

The correct Answer is:
A

State-run Punjab National Bank (PNB) has announced an ESOP scheme with a view to retaining its talent and incentivising staff by issuing up to 10 crore equity shares. The bank stated it will issue up to 10 crore equity shares to its employees under 'Employee Stock Purchase Scheme (ESPS)'.
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