iStockThis is the largest such Employee Stock Option (ESOP) scheme for frontline employees across industries and the first in the Banking Finance Services and Insurances (BFSI) sector, the company said in a statement.
Frontline employees include call centre executives, gold loan appraisers, branch managers and other zonal sales staff, it said.
The latest ESOP will be offered to employees who have at least two years of experience in the company and meet highest performance ratings, Nirmal Jain, IIFL Founder and Group Managing Director, said.
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Decision to Quit Early Not Taken under Any PressureUday Kotak stepped down as MD and CEO on Saturday from an institution that he founded 38 years ago, well ahead of the end of his term, causing anxiety among businesses and investors. In an interview with MC Govardhana Rangan, Bodhisatva Ganguli & Shilpy Sinha, Kotak details his decision to wind up early and the nostalgic journey.
Indians Could Unbox iPhone 15 with WorldWith India emerging as a key manufacturing base for iPhones, Apple is aiming for a new milestone with the local launch of its latest model.
BNP Paribas Answers Jio’s Call for $2B LoanIndia’s largest telco, Reliance Jio Infocomm, is raising up to $2 billion (₹16,550 crore) in offshore loans with BNP Paribas as lead arranger of the initiative that will help fund the purchase of 5G network gear from Sweden’s Ericsson.
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