IDFC FIRST Bank grants 8m employee stock options

IDFC FIRST Bank's nomination and remuneration committee approved the grant of 8,000,000 stock options to junior and middle management level employees at a meeting held on October 15, 2025. This initiative falls under the ‘IDFC FIRST Bank Limited - Employee Stock Option Scheme’ at face value and aligns with the bank's objective to encourage and attract talent. The grant complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

These stock options will vest equally over a period of four years, with 25% vesting each year. Following vesting, employees will have an exercise period of three years from the date of respective vesting to utilize their options.

The committee meeting where this approval took place commenced at 4:00 p.m. and concluded at 5:30 p.m. on October 15, 2025. Satish Gaikwad, general counsel and company secretary, signed the announcement on behalf of IDFC FIRST Bank Limited.