IndusInd International Holdings Ltd. (IIHL), promoter of IndusInd Bank, said it is likely to receive the Reserve Bank of India's final approval to increase its stake in the private-sector lender IndusInd Bank Limited (NSEI:INDUSINDBK) over the next two weeks. Ashok Hinduja, chairman, IIHL, said that the promoter will not look at raising its stake from the existing 16.4% to 26% immediately in one go, as it would involve infusing capital worth $1 billion. "15% to 26% stake increase, there is a policy of the regulator (RBI).

We have received the letter, which clearly said to follow the process, as per guidelines. The various forms and other information, completed. The same has gone to IndusInd Bank.

The bank has also cleared it through its board. Now, it has gone to the regulator. I am hoping that maybe in a week or two weeks we should get their response," Hinduja told reporters on Friday.

"Once we get that, we'll start the process of raising the capital through the bank or through the market. Or, we'll create a combination," he added.