On April 18, 2023, HDFC Bank announced significant updates to its employee stock option plan (ESOP), originally adopted in April 2022. The changes empower the Governance, Nomination and Remuneration Committee (GNRC) to manage restricted stock units (RSUs) more effectively, including the ability to cancel, forfeit, or modify vesting rights based on disciplinary proceedings. Previously, RSU treatment was limited to termination of employment or cases of death or permanent disability. The bank has also revised the criteria for granting RSUs, now factoring in employment status, such as sabbaticals or approved leaves. Additionally, the maximum number of RSUs that can be granted to an employee has increased from 15,000 to 50,000. Earlier in the day, HDFC Bank reported a 9% rise in standalone net profit, reaching ₹19,221 crore for the quarter ending March 2023, compared to ₹17,616 crore in the same period last year.