PSBs may re-approach Sebi for relaxing the rule on promoter equity

Last year, they got a year's extension to meet the norm, till August 2018

A majority of public sector banks (PSBs) with high government shareholding might have to soon re-approach the Securities and Exchange Board of India (Sebi) for relaxing the rule on promoter equity. They had got one such waiver. 

To bring this down as required, they could go for Qualified Institutional Placement (QIP) or Employee Stock Option Plans (Esops). However, in banks with particularly  high government holding, even after exercising these two measures, the promoter holding might still be higher than the stipulated level.

PSBs were required to bring down government shareholding to at least 75 per cent, to comply with the