Mumbai: Being buoyed by the initial success gained from the i-banking divisions, HDFC Bank and IndusInd Bank are looking at doubling their headcount in the next month, reports Economic Times. Besides joining debt syndications to lend money, investment banking is likely to diversify and increase their fee income as they tap the existing customer pool. The older players, comprising other private sector banks such as ICICI, Kotak Mahindra and Yes Bank have also seen an improvement in their i-banking business in the past few months. HDFC Bank, the second-largest private sector lender, kicked off its investment banking activity at the peak of the financial crisis. N.S. Kishore Kumar, who heads the bank's i-banking arm, told Economic Times, "The main focus will be on debt intermediation, financing activities for organic and inorganic opportunities, structured financing, facilitating arrangement of private equity." The bank, currently, has a 12-member team and plans to double the size this year. Also, IndusInd Bank started this business at the start of the financial year. According to Suhail Chander, Head Corporate and Commercial Banking, IndusInd Bank, "For mid-sized corporates, there was a gap in investment banking services which were being provided." Currently the bank has six people in the division and most of them divide their time between i-banking and other divisions like corporate banking. "We are creating a large dedicated team. To start with, there would be 14-15 people. We will be recruiting from the market for people with relevant experience," said Chander. It's yet to take a decision on whether to get into the equity side of the business.