Kotak Mahindra Bank Kolkata Area Credit Manager Salaries by 5 Employees (Updated 2024)

8 - 12 years exp.

₹11 Lakhs - ₹22.5 Lakhs

Salary of majority employees

15% more than the average Area Credit Manager Salary in Banking Companies for 8 - 12 years of experience

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Salaries in different departments

Finance & Accounting Area Credit Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹10.7 L/yr - ₹21.3 L/yr
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Risk Management & Compliance Area Credit Manager Salary 11 - 12 years exp. (AmbitionBox Estimate)	₹11 L/yr - ₹16.9 L/yr

Last Updated: 25 Nov 2024

Companies similar to Kotak Mahindra Bank for Area Credit Manager in Kolkata

Kotak Mahindra Bank Area Credit Manager Salary

8 - 12 years exp. (5 salaries)

₹11 L/yr - ₹22.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Area Credit Manager Salary 9 - 17 years exp. (13 salaries)	₹10.2 L/yr - ₹26 L/yr 22% more
ICICI Bank Area Credit Manager Salary 1 - 12 years exp. (26 salaries)	₹6.4 L/yr - ₹15.1 L/yr 16% less
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Axis Bank Area Credit Manager Salary 6 - 14 years exp. (12 salaries)	₹9.6 L/yr - ₹17 L/yr 1% less
IndusInd Bank Area Credit Manager Salary 5 - 10 years exp. (4 salaries)	₹10.8 L/yr - ₹13.5 L/yr 16% less
IDFC FIRST Bank Area Credit Manager Salary 5 - 10 years exp. (10 salaries)	₹12 L/yr - ₹15.1 L/yr 7% less
Bandhan Bank Area Credit Manager Salary 5 - 14 years exp. (14 salaries)	₹5.5 L/yr - ₹13.8 L/yr 33% less
Ujjivan Small Finance Bank Area Credit Manager Salary 7 - 16 years exp. (12 salaries)	₹10.8 L/yr - ₹18 L/yr 3% more
Utkarsh Small Finance Bank Area Credit Manager Salary 6 - 12 years exp. (3 salaries)	₹9 L/yr - ₹11 L/yr 36% less

Area Credit Manager salary at Kotak Mahindra Bank ranges between ₹11 Lakhs to ₹22.5 Lakhs per year for employees with experience between 8 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Area Credit Manager salaries in Kolkata

Last Updated: 25 Nov 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹16.8 L/yr
9 years (AmbitionBox Estimate)	₹13.4 L/yr - ₹17.1 L/yr
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10 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹21.3 L/yr
11 years (AmbitionBox Estimate)	₹11 L/yr - ₹22.5 L/yr
12 years (AmbitionBox Estimate)	₹11 L/yr - ₹28.3 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary

(63 salaries)

₹8.5 L/yr - ₹21 L/yr

Credit Manager Salary

(53 salaries)

₹4 L/yr - ₹14.5 L/yr

Sales Manager Salary

(50 salaries)

₹2.15 L/yr - ₹10.25 L/yr

Assistant Credit Manager Salary

(3 salaries)

₹3.1 L/yr - ₹4.1 L/yr

Top skills at Kotak Mahindra Bank for Area Credit Manager

Underwriting Credit Appraisal Credit Management Working Capital Credit Risk Commodity Finance Agri Finance Chartered Accountant SME Home Loans Financial Analysis Lap Credit Tractor Loan Commercial Vehicle Loans

Salary related reviews for Kotak Mahindra Bank

Associate Vice President in Nashik

Full Time

Sales & Business Development Department

5.0

• posted on 22 Nov 2024

2.0

for Salary and Benefits

Likes

Kotak Mahindra Bank is such wonderful Bank to work. Bank having very good peocess and system.

Dislikes

...nd so many people act like they are running bank business like proprietary firm. Need to be appreciated the true hard working employee with salary increments as well.

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Dislikes

Salary, promortion - these are the worst over here.

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

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What people are saying about Kotak Mahindra Bank

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an associate vice president

Hi Bowls, Kindly share reference in Banking and NBFC for regional/zonal roles in sales in Home loans and mortgages vertical.

Regional/Zonal toles

Delhi NCR,Noida&Gurgaon

Mortgages Sales

2 participants . expiring in 2w

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Kotak Mahindra Bank Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Kotak Mahindra Bank Kolkata?

Area Credit Manager salary at Kotak Mahindra Bank in Kolkata ranges between ₹11.0 Lakhs to ₹22.5 Lakhs for experience between 8 years to 12 years. According to our estimates it is 15% more than the average Area Credit Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank Kolkata.

How does the salary of a Area Credit Manager at Kotak Mahindra Bank Kolkata compare with the average salary range for this job?

The average salary of a Area Credit Manager at Kotak Mahindra Bank is 15% more than the average salary of a Area Credit Manager in Kolkata. To know exact salary insights, login to view.

What are the top skills required to work as a Area Credit Manager at Kotak Mahindra Bank?

Underwriting, Credit Appraisal, Credit Management, Working Capital and Credit Risk are some of the popular skills required to work as a Area Credit Manager at Kotak Mahindra Bank Kolkata.

Which similar companies are paying more than Kotak Mahindra Bank to a Area Credit Manager in Kolkata?

HDFC Bank Area Credit Manager Salary - ₹10.2 Lakhs to ₹26.0 Lakhs per year
Ujjivan Small Finance Bank Area Credit Manager Salary - ₹10.8 Lakhs to ₹18.0 Lakhs per year

What is the salary of a Area Credit Manager in companies similar to Kotak Mahindra Bank in Kolkata?

Axis Bank Area Credit Manager Salary - ₹9.6 Lakhs to ₹17.0 Lakhs per year
IDFC FIRST Bank Area Credit Manager Salary - ₹12.0 Lakhs to ₹15.1 Lakhs per year
ICICI Bank Area Credit Manager Salary - ₹6.4 Lakhs to ₹15.1 Lakhs per year
IndusInd Bank Area Credit Manager Salary - ₹10.8 Lakhs to ₹13.5 Lakhs per year
Bandhan Bank Area Credit Manager Salary - ₹5.5 Lakhs to ₹13.8 Lakhs per year

What is the estimated take home salary of a Area Credit Manager at Kotak Mahindra Bank in Kolkata?

The estimated take-home salary of a Area Credit Manager at Kotak Mahindra Bank ranges between ₹1,03,751 per month to ₹1,06,594 per month in Kolkata. The take-home salary calculation is based on the average Kotak Mahindra Bank Area Credit Manager salary in India which ranges between ₹11.0 Lakhs to ₹22.5 Lakhs per year for employees with experience between 8 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Area Credit Manager at Kotak Mahindra Bank in Kolkata?

According to AmbitionBox, 67% of the Kotak Mahindra Bank Area Credit Managers in Kolkata reported a notice period of 3 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Area Credit Manager Salaries in Kolkata

Kotak Mahindra Bank Area Credit Manager salary in Kolkata ranges between ₹11 Lakhs to ₹22.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.