The Union Finance Ministry has given its in-principle nod to allow Public Sector Banks (PSUs) to offer stock options to their employees from 2017-18.
However, the Employee Stock Option Plans (ESOPs) can only be given by those banks which have earned a substantial profit as well as made a remarkable improvement in managing NPAs.
The proposal of ESOP by the Banks Board Bureau (BBB) will help to motivate employees to work towards strengthening the financial status of their banks and hence increase its share value.
What can be the possible questions from above news:
Q1. The term ESOPs stand’s for___________.
Share your answer in the comment section
Source- The Indian Express