YES Bank to expand ESOP pool to 225 mn shares, fix MD-CEO pay at Rs 2.8 cr

Lender is yet to hear RBI on CEO's variable compensation

YES Bank is planning to enhance the pool of shares offered in the Employee Stock Option Plan (Esop) to 225 million from the present 75 million, in order to incentivise and retain employees, and to tackle poaching by peers.
 

The private lender has also proposed fixed remuneration of Rs 2.84 crore (annual) for MD and CEO Prashant Kumar (pictured), according to a notice for the virtual annual general meeting (AGM) slated for September 10 via videoconferencing.
 

The components of fixed remuneration include basic salary of Rs 45 lakh per annum, other allowances of Rs 1.05 crore, and perquisites and retirement