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Kotak Mahindra Bank
3.7
based on 17.4k 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
3.7/5
based on 17.4k reviews
3% below
industry average
Critically rated for
Promotions
Work Policy
Work from office
80% 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
817 employees reported
Health insurance
634 employees reported
Cafeteria
261 employees reported
Office cab/shuttle
126 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 17.4k reviews
Overall Rating
3.7/5
How AmbitionBox ratings work?
5
7.7k
4
3.9k
3
2.5k
2
1.1k
1
2.3k
Category Ratings
3.7
Job security
3.6
Skill development
3.5
Company culture
3.5
Work-life balance
3.4
Salary
3.4
Work satisfaction
3.2
Promotions
Kotak Mahindra Bank is rated 3.7 out of 5 stars on AmbitionBox, based on 17.4k 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 16.8k reviews
3.6
Rated by 3.9k Women
Rated 3.7 for Job security and 3.5 for Skill development
3.8
Rated by 12.9k Men
Rated 3.7 for Job security and 3.6 for Work-life balance
Work Policy at Kotak Mahindra Bank
based on 2.8k reviews in last 6 months
Work from office
80%
Hybrid
15%
Permanent work from home
5%
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 | 3.7/5 based on 17.4k reviews | 4.0/5 based on 39.1k reviews | 3.9/5 based on 40.8k reviews | 3.7/5 based on 26.2k 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 80% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 3.6 Good rated by 3.9k women | 3.9 Good rated by 10.4k women | 3.7 Good rated by 8.6k women | 3.6 Good rated by 5.6k women |
Rating by Men Employees | 3.8 Good rated by 12.9k men | 4.0 Good rated by 26.9k men | 3.9 Good rated by 30.2k men | 3.8 Good rated by 19.4k 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 17.4k employees.
Deputy Manager
(11.3k salaries)
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₹1.7 L/yr - ₹8.5 L/yr
Relationship Manager
(2.5k salaries)
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₹1.5 L/yr - ₹10 L/yr
Associate Vice President
(1.5k salaries)
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₹9.7 L/yr - ₹36 L/yr
Brach Operation Manager
(1.3k salaries)
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₹3.2 L/yr - ₹12 L/yr
Branch Manager
(1k salaries)
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₹7 L/yr - ₹30 L/yr
Credit Manager
(1k salaries)
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₹3.8 L/yr - ₹15 L/yr
Sales Manager
(985 salaries)
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₹2.3 L/yr - ₹10 L/yr
Chief Manager
(905 salaries)
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₹7.5 L/yr - ₹30 L/yr
Branch Relationship Manager
(894 salaries)
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₹3.2 L/yr - ₹10.1 L/yr
Service Officer
(871 salaries)
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₹1.7 L/yr - ₹4.5 L/yr
Kotak Mahindra Bank Interview Questions
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Kotak Mahindra Bank News
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Uday Kotak Warns Against His Viral Video Endorsing Investment Scheme: 'Do Not Be Entrapped'
- Billionaire banker Uday Kotak warns against a viral video falsely showing him endorsing an investment scheme with guaranteed returns, urging the public not to fall for it.
- The video in question is an old manipulated clip of Uday Kotak talking about investing Rs 21,000 and earning over Rs 4 lakh weekly.
- Fake videos involving public figures, created using AI technology, have become a growing concern for sophisticated online scams.
- Incidents of deepfake attacks are on the rise, particularly in sectors like healthcare and finance.
Bloomberg Quint | 2 Apr, 2025
Invest in this hybrid fund for optimal risk-adjusted performance
- Investing via aggressive hybrid funds, such as Kotak Equity Hybrid fund, can provide entry opportunities for investors looking for optimal risk-adjusted performance.
- Kotak Equity Hybrid fund has a track record of over 25 years and has consistently delivered above-average risk-adjusted returns over the medium to long term.
- The fund maintains equity exposure in the portfolio in the range of 71-75%, while also including a substantial portion of government securities to minimize credit risk.
- With a multi-cap approach and a focus on specific goals, Kotak Equity Hybrid fund is well-positioned to deliver optimal risk-adjusted performance over the long term.
HinduBusinessLine | 29 Mar, 2025
ATM Crisis: Lenders Scramble To Replace AGS Transact Amid Financial Woes
- India's largest banks are facing challenges as AGS Transact Technologies, a key ATM service provider, grapples with financial instability.
- State Bank of India and Union Bank of India are swiftly shifting ATMs to other providers due to AGS Transact's financial crisis causing concerns about meeting obligations.
- AGS Transact is struggling with defaults, outstanding dues, employee salaries, and payments to ATM property owners, totaling Rs 726 crore.
- RBI held meetings with banks using AGS services, prompting banks like SBI and Union Bank of India to migrate to different vendors for ATM operations.
- SBI has already transitioned over half of its 7,000 ATMs managed by AGS, aiming to complete the transfer of 2,000 machines by March 31.
- India recorded 2.57 lakh ATMs in January, with about 35,000 affected by AGS Transact's financial crisis.
- Apart from SBI and Union Bank of India, other major banks like HDFC, Axis, ICICI, Kotak, YES Bank, and India Post Payments Bank faced similar disruptions.
- Transition costs may have been lower for banks that shifted to new service providers last year, as higher fees are now being charged due to the industry's current situation.
- AGS Transact Executive Director mentioned that public sector banks have been reducing their reliance on AGS since September, leading to a decline in the total number of ATMs managed by AGS.
- AGS Transact has transferred approximately 50% of its ATMs to banks and other service providers to minimize disruptions, according to a media statement.
Bloomberg Quint | 28 Mar, 2025
Equity benchmark indices end in red; IndusInd down 4%, Tata Consumer, Kotak Mahindra lead gains
- Equity benchmark indices ended in the red, with FMCG and oil & gas sectors showing resilience, while IT, pharmaceuticals, and automobile sectors faced selling pressure.
- Tariff war and US tariff threats are expected to impact major manufacturing economies and contribute to the prevailing weakness in the market.
- Top gainers of Nifty 50 components were Tata Consumer Products, Kotak Mahindra Bank, Apollo Hospitals, ONGC, ICICI Bank, and Tata Motors.
- IndusInd Bank, Wipro, Shriram Finance, Cipla, and Mahindra & Mahindra closed in the negative territory.
HinduBusinessLine | 28 Mar, 2025
Share Market Highlights: Sensex, Nifty end lower as IT, auto stocks weigh; tariff uncertainty looms
- Both Sensex and Nifty gained over 5% in FY25, driven by foreign inflows and stock purchases, with volatility due to tariff risks and earnings concerns.
- IndusInd Bank, M&M, HCL Tech, Maruti, and Infosys were among top losers, while Kotak Bank, ICICI Bank, Tata Motors gained.
- Foreign investors withdrew $15.57 billion for the fiscal year, marking the second-highest outflow ever despite a late rally in the market.
- Broad market weakness seen with 2,501 stocks declining, 428 hitting 52-week lows, and 354 reaching lower circuit on the BSE.
- IREDA signed facility agreement for raising External Commercial Borrowing from SBI, Tokyo Branch, and received work orders worth ₹1,385 crore.
- ASK Asset & Wealth Management Group received SEBI approval for its mutual fund venture.
- National Stock Exchange of India (NSE) and National Securities Depository Limited (NSDL) hosted a Mega RISA seminar to enhance financial literacy and fraud prevention.
- Asian markets opened lower on Trump's tariff threats, with focus on cost escalations and uncertainties in India's auto parts industry.
- India expects another rate cut by RBI, aims to double foreign individual investment limits in listed companies, and plans import duty cuts.
- Monthly Economic Review highlights robust economic growth, stable inflation, growing foreign investments, and positive labour market indicators for India.
- Stock recommendations include buying Mankind Pharma with expected uptrend, and intraday trading guide provides insights for Nifty futures and popular stocks.
HinduBusinessLine | 28 Mar, 2025
Nifty Top Gainers, Losers On March 28: From Wipro, IndusInd Bank To Tata Consumer
- The NSE Nifty 50 ended 72.60 points or 0.31% lower at 23,519.35 and BSE Sensex fell 0.25% or 191.51 points or 0.25% lower at 77,414.92.
- Wipro Ltd. and IndusInd Bank Ltd. were among the top losers on the NSE Nifty 50 on Friday, while Tata Consumer Products Ltd. and Kotak Mahindra Bank Ltd. advanced the most.
- The share price of IndusInd Bank declined the most, closing 3.64% down at Rs 649 apiece on the National Stock Exchange. The second-worst performer was Wipro, which settled 3.56% lower at Rs 262.5 apiece.
- TCPL gained 2.91% to Rs 1,001.9 apiece, followed by Kotak Mahindra Bank with 2.13% and Apollo Hospitals Enterprise Ltd. with a gain of 1.91%.
Bloomberg Quint | 28 Mar, 2025
Stock Market Highlights: Nifty Snaps Five-Month Losing Streak, Sensex Clocks First Monthly Rally Of 2025
- The Nifty snapped its five-month losing streak and the Sensex paused its three-month declining spree.
- On a monthly basis, the Nifty ended 6.30% higher, while the Sensex closed 5.76% up.
- Infosys Ltd., Mahindra & Mahindra Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd. and Zomato Ltd. weighed on the index the most.
- ICICI Bank Ltd., Kotak Mahindra Bank Ltd., Bharti Airtel Ltd., HDFC Bank Ltd. and Tata Consumer Products Ltd. led the gains.
Bloomberg Quint | 28 Mar, 2025
Nifty Bank Prediction today – March 28, 2025: Index will attempt to rally
- Nifty Bank futures (April) began today’s session slightly higher at 52,050 against yesterday’s close of 51,908. It is now hovering around 52,000, up 0.2 per cent so far today.
- A breakout of 52,250 can open the door for a rally to 52,800. But if Nifty Bank futures decline from the current level, it can find support at 51,480.
- The advance/decline ratio is 8/4. Kotak Mahindra Bank tops the chart by appreciating 1.8 per cent whereas HDFC Bank, down 0.8 per cent, is the top loser.
- Buy Nifty Bank futures (April) after it breaks out of 52,250. Target and stop-loss can be 52,800 and 52,000 respectively.
HinduBusinessLine | 28 Mar, 2025
JB Chemicals Bulk Deal: Promoter Sells 5.8% Stake For Rs 1,460 Crore
- The promoter of JB Chemicals & Pharmaceuticals Ltd. sold 5.8% stake in the company for Rs 1,460 crore through an open market transaction.
- The New York and Hong Kong-based investment firm— Tau Investment Holdings offloaded 89.83 lakh shares or 5.8% at Rs 1625 apiece, according to a bulk deal data on NSE.
- Kotak Mahindra Mutual Fund mopped up 12.3 lakh shares or 0.79% stake at Rs 1,625 apiece.
- In the quarter ended December 2024, JB Chemicals' consolidated net profit jumped 22% year-on-year to Rs 163 crore.
Bloomberg Quint | 27 Mar, 2025
Kotak Private Banking aims to add thousands of clients amid rising competition
- Kotak Private Banking added 2,280 new families in the year ending March 2024
- The firm expects to continue acquiring clients at the same pace
- Competition in India's wealth market is intensifying
- Kotak Private Banking plans to expand in smaller cities and tap the Indian diaspora
HinduBusinessLine | 27 Mar, 2025
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Kotak Mahindra Bank Subsidiaries
Kotak Mahindara Life Insurance
3.7
• 2.9k reviews
Kotak Securities
3.6
• 1.6k reviews
Kotak Mahindra Prime
4.0
• 1k reviews
Bss Microfinance
3.6
• 230 reviews
Kotak Mahindra General Insurance
3.7
• 223 reviews
Kotak Mahindra Asset Management Company
4.0
• 111 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 3.5 out of 5 based on 17,000+ employee reviews on AmbitionBox. 66% employees rated Kotak Mahindra Bank 4 or above, while 34% 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 3.2. 34% employees rated Kotak Mahindra Bank 3 or below, while 66% 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 17,000+ employee reviews on AmbitionBox.
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