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The Securities Exchange Board of India (SEBI) has advised RBI to give some time to the custodians to divest the FII stake they purchased in HDFC Bank before 1.40pm last Friday, when the central bank notification about the breach of the limit was flashed on stock exchange terminals, sources privy to the meeting told Moneycontrol. However, brokers who bought the script on behalf of foreign portfolio investors (FPIs) after 1:40 PM on February 17 will have to take a hit. The country's market regulator met with the Reserve Bank of India on Monday to discuss the issue of foreign institutional investor (FII) holding in HDFC Bank overshooting the 74 percent. 
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