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The Bank of Baroda announced that it would issue 10 crores of own shares for its staff under the employee share purchase system.
The Board of Directors of the Bank, at its meeting on November 29, notably considered and approved the issue of securities. [Boo-Esps] said BoB in a regulatory document.
The bank reported that the issuance of shares for the benefit of the staff (BOB-ESPS) of the Bank of Baroda was subject to regulatory conditions.
Earlier, the Punjab National Bank announced that it would increase the value of 539.50 crore by issuing 10 capital shares to its staff under a stock purchase scheme.
able to subscribe to the offer between November 30 and the close of December 10, 2018.
In March 2017, the government had authorized public sector banks to offer purchase options of actions to their employees, in order to d better incentives in addition to a way to increase capital.
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