RBI review Small finance banks capital rules

The Reserve Bank of India is reviewing small finance banks capital structure, and by studying these norms, it may benefit Equitas Small Finance Bank and Ujjivan Small Finance Bank.
The previous governor, Urjit Patel, had directed these lenders to get listed within the deadline as specified in their bank licensing agreements. 
Current RBI governor Shaktikanta Das is open to communicate on the issues they are facing and moving away from the previous rigid stance. 
Managing Director of Ujjivan Small Finance Bank  'Samit Ghosh' said that RBI told to submit a paper on capital and holding structure and we are waiting for its response.
Equitas Holdings, the holding company for Equitas Small Finance Bank, has already taken permission to offer 47% of its ownership to its existing shareholders for no consideration and this will bring down holding company stake in the bank to 53%. The bank will then list the shares on the stock exchanges using a provision to get listed without making an initial public offer of shares. 
The promoter has to bring down the stake to 40% by September 4, 2021. 
Managing director of Equitas Small Finance Bank PN Vasudevan refused to comment on the issues, and the query to RBI on the question remained unanswered. Experts said that such arrangements might dilute the shareholder's value. 
Ujjivan will have to list the bank by January 2020. The holding company Ujjivan Financial Services will have to dilute their holding to 40% by January 2022, and it was earlier contemplating issuing of bonus shares in favor of the investors of the holding firm, but this proved to be expensive. 
There is also a lack of clarity on what would happen with the minimum promoter holding after the five-year term.CEO of a bank said RBI needs to address this issue as well.