Locking and INITRANS setting: Are they related?

DB Version:10gR2
For one our applications, we see locks being held for long periods on three tables. So, one of our DBAs is suggesting to change INITRANS setting for these tables to get rid this locking issue. Does INITRANS setting in anyway cause locking issues?

The INITRANS setting controls Initial Transaction Slots (ITLs). A transaction slot is required for any session that needs to modify a block in an object For tables INITRANS defaults to 1 for indexes, 2. However, if the block has little or no free space then transactions will serialize waiting on a free ITL. This is one cause for data base block waits. By setting INITRANS to the number of expected simultaneous DML.
The maximum value suggested for INITRANS is 100 and settings over this size rarely improve performance. Therefore a setting of INITRANS to the average number of simultaneous DML users and setting MAXTRANS to 100 will most likely result in the best utilization of resources and performance

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