Syndicate Bank May Offer 25% Discount on Employee Share Purchase Scheme (ESPS)

Public sector Syndicate Bank has hinted to launch the proposed Employee Share Purchase Scheme (ESPS) in the first week of March at discounted rates. 

Discounts on ESPS will range from 23 to 25 per cent, based on seniority and designations.It is believed that the employees at lower scale will be getting the maximum discount.

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The bank hopes to mop up ₹500-600 crore through the scheme, said Mrutyunja Mahapatra, Managing Director and CEO of the bank.