--- title: "Siddartha Karnani Quoted in Business Standard on Draft Guidelines for Bank Settlement Thresholds" date: 2025-08-14 author: "King Stubb & Kasiva" url: https://ksandk.com/news/siddartha-karnani-on-draft-bank-settlement-thresholds/ --- # Siddartha Karnani Quoted in Business Standard on Draft Guidelines for Bank Settlement Thresholds Posted On - 14 August, 2025 • By - King Stubb & Kasiva ![](https://ksandk.com/wp-content/uploads/WhatsApp-Image-2025-08-14-at-5.03.29-PM.jpeg) **Siddartha Karnani**has been quoted in a recent *Business Standard* article discussing the Reserve Bank of India’s draft guidelines on settlement thresholds for banks. ![WhatsApp Image 2025 08 14 at 5.03.29 PM](https://ksandk.com/wp-content/uploads/WhatsApp-Image-2025-08-14-at-5.03.29-PM.jpeg) Commenting on the proposed changes, Siddartha observed:  *“Under the draft, banks must determine a threshold in line with their risk management systems, with a mandatory minimum of ₹15 lakh. The draft also mandates specific documents — death certificate, legal heir certificate, and claim form — for access in the absence of a nominee.”* The article highlights the potential impact of these guidelines on banking practices, documentation requirements, and consumer access to funds, particularly in cases without a nominated beneficiary. Read more: [https://www.linkedin.com/feed/update/urn:li:activity:7361720881015918593](https://www.linkedin.com/feed/update/urn:li:activity:7361720881015918593) --- ## Office Locations - [New Delhi](https://ksandk.com/locations/top-corporate-law-firm-in-delhi/) (HQ): +91-11-41318190 | info@ksandk.com - [Mumbai](https://ksandk.com/locations/top-corporate-law-firm-in-mumbai/): 3 offices (Nariman Point, Lower Parel, Andheri) | mumbai@ksandk.com - [Bangalore](https://ksandk.com/locations/top-corporate-law-firm-in-bangalore/): bangalore@ksandk.com - [Chennai](https://ksandk.com/locations/chennai/): chennai@ksandk.com - [Hyderabad](https://ksandk.com/locations/hyderabad/): hyderabad@ksandk.com - [Pune](https://ksandk.com/locations/pune/): pune@ksandk.com - [Kochi](https://ksandk.com/locations/kochi/): kochi@ksandk.com ## Contact - [Contact Page](https://ksandk.com/contact-us/) - General: info@ksandk.com | +91-11-41318190 - WhatsApp: +91-7428567444 - [Privacy Statement](https://ksandk.com/privacy-statement/) - [Terms of Use](https://ksandk.com/terms-of-use/)