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South Indian Bank Limited ( (IN:SOUTHBANK) ) just unveiled an update.
South Indian Bank’s board has approved the grant of 121,206 stock options to Executive Director Dolphy Jose under Tranche 20 of its 2008 Employee Stock Option Scheme, aligning with non-cash variable pay cleared by the Reserve Bank of India for the period ended 31 March 2025. The options, priced using the Black-Scholes model with an exercise price set at a 50% discount to the recent market price, will vest in three staggered tranches over 36 months and can be exercised within five years of vesting, underscoring the bank’s use of equity-linked incentives to retain and reward senior management while not extending similar grants to its part-time chairman or other non-executive directors.
More about South Indian Bank Limited
South Indian Bank Limited is a private sector bank headquartered in Thrissur, Kerala, offering a range of retail and corporate banking services across India. The bank focuses on traditional banking products such as deposits, loans and other financial services, and is listed on both the National Stock Exchange of India and BSE under the scrip code SOUTHBANK/532218.
Average Trading Volume: 3,553,978
Technical Sentiment Signal: Buy
Current Market Cap: 111.1B INR
For an in-depth examination of SOUTHBANK stock, go to TipRanks’ Overview page.