BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Punjab National Bank
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ICICI Bank
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State Bank of India
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HDFC Bank
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Detailed explanation-1: -HDFC Bank’s Employee Stock Option Scheme.
Detailed explanation-2: -The term employee stock option (ESO) refers to a type of equity compensation granted by companies to their employees and executives. Rather than granting shares of stock directly, the company gives derivative options on the stock instead.
Detailed explanation-3: -company grants employee stock option.] (4) “employee stock purchase scheme (ESPS)” means a scheme under which the company offers shares to employees as part of a public issue or otherwise.
Detailed explanation-4: -ESOPs aim at aligning senior management behaviour to long-term view of the Bank’s performance. The Bank may grant ESOPs from time to time to the Whole Time Directors, Chief Executive Officers, Material Risk takers and other employees.