2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Syndicate Bank
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Punjab National Bank
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Union Bank of India
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Bank of India
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Detailed explanation-1: -NEW DELHI: State-owned Bank of India (BoI) on Tuesday said it has raised Rs 660.80 crore by issuing shares to employees under Employee Share Purchase Scheme (ESPS). The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees, BoI said in a statement.
Detailed explanation-2: -(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. [3][(4a) “ESOS shares” means shares arising out of exercise of options granted.
Detailed explanation-3: -What is ESOP? Employee Stock option plan or Employee Stock Ownership Plan (ESOP) is an employee benefit scheme that enables employees to own shares in the company. These shares are purchased by employees at price below market price, or in other words, a discounted price.