"When I look at individual results, there are number of banks for whom it appears that the worst is over but then there are other banks...still they are in middle of it and they would need to do some work before they get out of it," he said. "So, as far as the present situation is concerned I think most of the banks are adequately capitalised to take care of minimum regulatory requirements. We will keep a watch. As we move into the year we will see how things pan out," he said.On controversial virtual currency bitcoin, Mundra said: "This entire area fintech as we mentioned...you should not be stifling the innovation. Be mindful and what they call as regulator sand marks means you allow some of the experiments to happen under the control conditions so that the positive or the negative fallouts can be well understood and calibrated."

Source: Economic Times August 23, 2016 08:15 UTC