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Kotak Mahindra Bank
3.8
based on 16.8k Reviews
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Company Overview
Associated Companies
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Working at Kotak Mahindra Bank
Company Summary
Kotak Mahindra Bank offers high-interest rate savings accounts, low-interest rate personal loans, and credit cards with attractive offers.
Overall Rating
3.8/5
based on 16.8k reviews
On-Par with
industry average
Critically rated for
Promotions
Work Policy
Work from office
81% employees reported
Monday to Saturday
42% employees reported
Strict timing
51% employees reported
Within city
50% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
816 employees reported
Health insurance
633 employees reported
Cafeteria
260 employees reported
Office cab/shuttle
125 employees reported
View all benefits
About Kotak Mahindra Bank
Founded in2003 (22 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count50k-1 Lakh
India HeadquartersMumbai, Maharashtra, India
Websitekotak.com
Primary Industry
Other Industries
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View in video summary
In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd. Effective April 1, 2015, ING Vysya Bank Ltd. merged with Kotak Mahindra Bank Ltd. The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India. The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius and Singapore.
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Kotak Mahindra Bank Ratings
based on 16.8k reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
7.5k
4
3.8k
3
2.4k
2
1k
1
2.1k
Category Ratings
3.7
Job security
3.6
Work-life balance
3.6
Skill development
3.5
Company culture
3.4
Salary
3.4
Work satisfaction
3.3
Promotions
Kotak Mahindra Bank is rated 3.8 out of 5 stars on AmbitionBox, based on 16.8k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Kotak Mahindra Bank
based on 16.1k reviews
3.6
Rated by 3.7k Women
Rated 3.7 for Job security and 3.5 for Skill development
3.8
Rated by 12.4k Men
Rated 3.8 for Job security and 3.7 for Skill development
Work Policy at Kotak Mahindra Bank
based on 2.3k reviews in last 6 months
Work from office
81%
Hybrid
15%
Permanent work from home
4%
Kotak Mahindra Bank Reviews
Top mentions in Kotak Mahindra Bank Reviews
+ 5 more
Compare Kotak Mahindra Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 16.8k reviews | 4.0/5 based on 38.1k reviews | 3.9/5 based on 39.5k reviews | 3.8/5 based on 25.4k reviews |
Highly Rated for | No highly rated category | Job security Skill development Company culture | Job security Skill development | No highly rated category |
Critically Rated for | Promotions | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 81% employees reported | Work from office 92% employees reported | Work from office 84% employees reported | Work from office 80% employees reported |
Rating by Women Employees | 3.6 Good rated by 3.7k women | 3.9 Good rated by 10.1k women | 3.7 Good rated by 8.2k women | 3.6 Good rated by 5.5k women |
Rating by Men Employees | 3.8 Good rated by 12.4k men | 4.0 Good rated by 26.3k men | 3.9 Good rated by 29.3k men | 3.8 Good rated by 18.8k men |
Job security | 3.7 Good | 4.1 Good | 4.0 Good | 3.7 Good |
View more
Kotak Mahindra Bank Salaries
Kotak Mahindra Bank salaries have received with an average score of 3.4 out of 5 by 16.8k employees.
Deputy Manager
(11.3k salaries)
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₹1.7 L/yr - ₹8.4 L/yr
Relationship Manager
(2.3k salaries)
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₹1.5 L/yr - ₹10 L/yr
Associate Vice President
(1.4k salaries)
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₹8.3 L/yr - ₹34 L/yr
Brach Operation Manager
(1.3k salaries)
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₹3.2 L/yr - ₹11.5 L/yr
Branch Manager
(1k salaries)
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₹7 L/yr - ₹25.6 L/yr
Credit Manager
(1k salaries)
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₹4 L/yr - ₹14.5 L/yr
Chief Manager
(887 salaries)
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₹8.8 L/yr - ₹31 L/yr
Service Officer
(874 salaries)
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₹1.7 L/yr - ₹4.5 L/yr
Branch Relationship Manager
(874 salaries)
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₹3 L/yr - ₹9.5 L/yr
Sales Executive
(872 salaries)
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₹1.2 L/yr - ₹4.5 L/yr
Kotak Mahindra Bank Interview Questions
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Kotak Mahindra Bank News
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Stock Market Highlights: Nifty, Sensex Slide For Fifth Straight Day To End Lowest Since June 2024
- The NSE Nifty 50 and BSE Sensex slid for the fifth straight day, closing at the lowest since June 2024.
- IT and metal stocks dragged the indices, while Mahindra & Mahindra and Kotak Mahindra Bank Ltd. gained.
- The Nifty 50 ended 1.06% lower at 22,553.3, and the Sensex closed 1.14% down at 74,454.41.
- Indian benchmark indices are on track to close the month with the longest losing streak since November 1996.
Bloomberg Quint | 24 Feb, 2025
Nifty 50 Top Gainers And Losers On Feb. 24: From Mahindra & Mahindra, Infosys, ITC To TCS And HDFC Bank
- The top gainer of the day was Mahindra and Mahindra, which gained 1.78% during trade.
- The NSE Nifty 50 ended 242 points or 1.06% lower at 22,553.3, while the BSE Sensex closed 856.65 points or 1.14% down at 74,454.41.
- Top gainers: Mahindra and Mahindra, Kotak Mahindra Bank, ITC, Dr. Reddy's shares, and Eicher Motors.
- Top losers: Infosys, Tata Consultancy Services, HDFC Bank, Bharti Airtel, and ICICI Bank.
Bloomberg Quint | 24 Feb, 2025
Stock Market Live: GIFT Nifty Above 22,800; Cipla, NTPC Green Energy, Vedanta Share Prices In Focus
- The GIFT Nifty was trading above 22,800.
- Cipla, NTPC Green Energy, and Vedanta share prices are in focus.
- Eris Lifesciences has availed credit facilities worth Rs 100 crore from Kotak Mahindra Bank Ltd.
- Mahindra & Mahindra Ltd. plans to fully subscribe to its rights entitlement in Mahindra Finance and Mahindra Life Development.
Bloomberg Quint | 21 Feb, 2025
Stock Market Live Updates 21 February 2025: Stock to buy today: Indraprastha Gas (₹203.50)
- Stocks that will see action today include Torrent group, NTPC Green Energy, Kotak Mahindra Bank, Tata Steel, RVNL, PFC, Ceigall, Electrosteel Castings, Vedanta, ISGEC Heavy, HFCL, HG Infra, JM Financial.
- Signals of a slowdown in the economy and Trump-induced withdrawals by FIIs may weaken the currency further.
- Turnover on NSE and BSE is 84,422.94 (Cash Volume: 80,372.2 + 4,050.74), F&O Volume is 33,551,776.67 (F&O Volume: 32,511,600.68 + 1,040,175.99).
- Investors face red portfolios as mid-cap and small-cap indices plummet; caution is advised amid bear market volatility.
HinduBusinessLine | 21 Feb, 2025
Stocks that will see action today: February 21, 2025
- NTPC Green Energy and Bharat Light and Power have agreed to work jointly in green hydrogen space.
- Goldman Sachs has sold its 1.4% stake in ISGEC Heavy Engineering for Rs 96 crore.
- Kotak Mahindra Bank appoints Vyomesh Kapasi as head of products in the consumer bank.
- Power Finance Corporation incorporates a special purpose vehicle for the development of a transmission system for green hydrogen projects in Andhra Pradesh.
HinduBusinessLine | 21 Feb, 2025
Uday Kotak Says India Cannot Afford Protectionism; May Need To Rebalance Its Trade
- India cannot afford protectionism and needs to rebalance its trade, according to Uday Kotak, Founder of Kotak Mahindra Bank.
- Kotak emphasized the need for India to improve productivity, avoid excessive protectionism, and increase manufacturing.
- India's current account deficit is under control at 1.2-1.3% of GDP, while it has a trade surplus of roughly $40 billion with the US.
- Kotak believes that President Trump's intent to correct the US trade deficit with India may put an additional load on India's current account deficit.
Bloomberg Quint | 20 Feb, 2025
Kotak Mahindra Bank’s Uday Kotak Warns Against India’s Protectionism, Calls For Competitive Industry
- Uday Kotak, Founder & Director at Kotak Mahindra Bank, warns against India's protectionism and calls for a competitive industry.
- Kotak emphasizes the need for structural reforms to improve India's global standing in the economic landscape.
- He cautions that excessive protectionism hinders innovation and productivity, limiting integration into global supply chains.
- Kotak suggests focusing on skill development, productivity enhancements, and improved infrastructure to make Indian industries more competitive.
Startup Pedia | 19 Feb, 2025
Sensex, Nifty close shade lower in choppy trade
- The NSE Nifty closed slightly lower by 0.05% at 22,932.90
- Tata Consultancy Services and Infosys fell over 2% each
- Zomato saw a jump of nearly 5%, while Larsen & Toubro, Axis Bank, ICICI Bank, IndusInd Bank, and Kotak Mahindra Bank were among the gainers
- Foreign Institutional Investors (FIIs) bought equities worth ₹4,786.56 crore on Tuesday
HinduBusinessLine | 19 Feb, 2025
NDTV Profit Conclave Highlights: Top Industry Leaders Guide On Viksit Bharat 2047
- Union Minister of Commerce and Industry Piyush Goyal says India has an opportunity to double trade with the US and expand India's competitiveness.
- Challa Sreenivasulu Setty, Chairman of State Bank of India, highlights capital as a critical element in the development of Viksit Bharat.
- Kotak Mahindra Bank MD and CEO Ashok Vaswani expects significant changes in the banking sector as India moves towards becoming a developed nation.
- Various industry leaders emphasize the importance of mutual funds, technology, manufacturing, and the private sector's role in Viksit Bharat.
Bloomberg Quint | 19 Feb, 2025
Road To Viksit Bharat: Balance Sheets Of Indian Banks Will Change — Kotak Mahindra CEO Explains Why
- Ashok Vaswani, CEO of Kotak Mahindra Bank, discusses the transformation of the banking sector in India to support the country's economic growth at NDTV Profit Conclave.
- He emphasizes the need for the evolution of capital markets alongside bank balance sheets for sustainable growth in line with developed nations.
- Vaswani notes the shift in banking priorities in developed economies towards mortgage lending as interest rates decline.
- Regarding private capex, he suggests that bank financing constraints have not necessarily hindered investments, pointing to changing priorities among business owners.
- He observes a trend where younger generations favor startups over traditional businesses, driving a transition in India's entrepreneurial landscape.
- Vaswani reflects on the impact of Covid-19 on banks and consumers, highlighting a surge in consumer spending post-pandemic restrictions.
- He describes the relationship between banks and fintech companies as 'frenemies,' emphasizing the need for successful partnerships for scale and technological advancement.
- The CEO emphasizes the importance of adopting technology and a mindset of continuous change in the banking sector to remain competitive and meet customer needs.
- Vaswani stresses the emotional aspect of finance, stating that banking products should align with customer aspirations rather than just financial transactions.
- In summary, Vaswani outlines the changing landscape of Indian banking, emphasizing the necessity of adapting to technology and evolving customer needs for sustained growth and competitiveness.
Bloomberg Quint | 18 Feb, 2025
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Kotak Mahindra Bank Subsidiaries
Kotak Mahindara Life Insurance
3.7
• 2.8k reviews
Kotak Securities
3.6
• 1.6k reviews
Kotak Mahindra Prime
4.0
• 996 reviews
Bss Microfinance
3.6
• 215 reviews
Kotak Mahindra General Insurance
3.7
• 215 reviews
Kotak Mahindra Asset Management Company
4.1
• 107 reviews
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Kotak Mahindra Bank Offices
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Kotak Mahindra Bank FAQs
When was Kotak Mahindra Bank founded?
Kotak Mahindra Bank was founded in 2003. The company has been operating for 22 years primarily in the Banking sector.
Where is the Kotak Mahindra Bank headquarters located?
Kotak Mahindra Bank is headquartered in Mumbai, Maharashtra. It operates in 31 cities such as Mumbai, New Delhi, Bangalore / Bengaluru, Hyderabad / Secunderabad, Kolkata. To explore all the office locations, visit Kotak Mahindra Bank locations.
How many employees does Kotak Mahindra Bank have in India?
Kotak Mahindra Bank currently has more than 60,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Kotak Mahindra Bank based on the number of reviews submitted on AmbitionBox.
Does Kotak Mahindra Bank have good work-life balance?
Kotak Mahindra Bank has a Work-Life Balance Rating of 3.6 out of 5 based on 16,000+ employee reviews on AmbitionBox. 67% employees rated Kotak Mahindra Bank 4 or above, while 33% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Kotak Mahindra Bank work-life balance reviews for more details
Is Kotak Mahindra Bank good for career growth?
Career growth at Kotak Mahindra Bank is rated as moderate, with a promotions and appraisal rating of 3.3. 33% employees rated Kotak Mahindra Bank 3 or below, while 67% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Kotak Mahindra Bank promotions/appraisals reviews for more detailed insights.
What are the cons of working in Kotak Mahindra Bank?
Working at Kotak Mahindra Bank does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, based on 16,000+ employee reviews on AmbitionBox.
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