Ahmedabad based Padmavati Agencies Pvt. Ltd. had complained for excess calculation of interest by Kotak Mahindra Bank. Company had an overdraft facility since 12th December 2005. The O.D. limit with interest @ 7 % per annum was fixed, but bank charged excess interest. As CPERC took over the matter with concern authority Mr. Sailesh Iyengar a nodal officer of Kotak Mahindra Bank, he has assured that matter is in the process of investigation and shall revert back to you within 5 working days. The reference number is 1-1895511571.