Kotak Mahindra Bank Mumbai Area Credit Manager Salaries by 10+ Employees (Updated 2024)

4 - 10 years exp.

₹7 Lakhs - ₹18 Lakhs

Salary of majority employees

10% more than the average Area Credit Manager Salary in Banking Companies for 4 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Credit Manager Salary 4 - 10 years exp. (6 salaries)	₹7 L/yr - ₹16.3 L/yr
Finance & Accounting Area Credit Manager Salary 5 - 9 years exp. (5 salaries)	₹9.7 L/yr - ₹15 L/yr
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Risk Management & Compliance Area Credit Manager Salary 9 years exp. (AmbitionBox Estimate)	₹12.9 L/yr - ₹18 L/yr

Last Updated: 6 Dec 2024

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

Kotak Mahindra Bank Area Credit Manager Salary

4 - 10 years exp. (15 salaries)

₹7 L/yr - ₹18 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Area Credit Manager Salary 6 - 16 years exp. (27 salaries)	₹7.5 L/yr - ₹26 L/yr 21% more
ICICI Bank Area Credit Manager Salary 1 - 13 years exp. (44 salaries)	₹5.2 L/yr - ₹19 L/yr 11% less
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Axis Bank Area Credit Manager Salary 6 - 13 years exp. (26 salaries)	₹9.6 L/yr - ₹22.8 L/yr 21% more
Yes Bank Area Credit Manager Salary 6 - 13 years exp. (9 salaries)	₹11.5 L/yr - ₹16.5 L/yr 4% more
IndusInd Bank Area Credit Manager Salary 5 - 14 years exp. (10 salaries)	₹7 L/yr - ₹18 L/yr 9% less
IDFC FIRST Bank Area Credit Manager Salary 5 - 12 years exp. (15 salaries)	₹7.5 L/yr - ₹16.9 L/yr 3% less
RBL Bank Area Credit Manager Salary 7 - 14 years exp. (3 salaries)	₹13 L/yr - ₹17.5 L/yr 7% less
Ujjivan Small Finance Bank Area Credit Manager Salary 8 - 16 years exp. (3 salaries)	₹13.1 L/yr - ₹18.8 L/yr 10% more

Area Credit Manager salary at Kotak Mahindra Bank ranges between ₹7 Lakhs to ₹18 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 15 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Area Credit Manager salaries in Mumbai

Last Updated: 6 Dec 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹8 L/yr - ₹22.6 L/yr
5 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹13 L/yr
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6 years (AmbitionBox Estimate)	₹11.8 L/yr - ₹15.1 L/yr
7 years (3 salaries)	₹5.4 L/yr - ₹15 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹15 L/yr
9 years (4 salaries)	₹7 L/yr - ₹18 L/yr
10 years (3 salaries)	₹7 L/yr - ₹18 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Credit Manager Salary

(236 salaries)

₹3.56 L/yr - ₹15.15 L/yr

Sales Manager Salary

(133 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Branch Manager Salary

(133 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Credit Officer Salary

(17 salaries)

₹1.5 L/yr - ₹2.85 L/yr

Assistant Credit Manager Salary

(8 salaries)

₹2.5 L/yr - ₹3.55 L/yr

Regional Credit Manager Salary

(7 salaries)

₹16.35 L/yr - ₹27 L/yr

Deputy Credit Manager Salary

(7 salaries)

₹4 L/yr - ₹6 L/yr

Branch Credit Manager Salary

(5 salaries)

₹7 L/yr - ₹9.5 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

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.

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

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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 Mumbai?

Area Credit Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹7.0 Lakhs to ₹18.0 Lakhs for experience between 4 years to 10 years. According to our estimates it is 10% more than the average Area Credit Manager Salary in India. Salary estimates are based on 15 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Area Credit Manager at Kotak Mahindra Bank is 10% more than the average salary of a Area Credit Manager in Mumbai. 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 Mumbai.

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

Axis Bank Area Credit Manager Salary - ₹9.6 Lakhs to ₹22.8 Lakhs per year
HDFC Bank Area Credit Manager Salary - ₹7.5 Lakhs to ₹26.0 Lakhs per year
Ujjivan Small Finance Bank Area Credit Manager Salary - ₹13.1 Lakhs to ₹18.8 Lakhs per year
Yes Bank Area Credit Manager Salary - ₹11.5 Lakhs to ₹16.5 Lakhs per year

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

IDFC FIRST Bank Area Credit Manager Salary - ₹7.5 Lakhs to ₹16.9 Lakhs per year
RBL Bank Area Credit Manager Salary - ₹13.0 Lakhs to ₹17.5 Lakhs per year
IndusInd Bank Area Credit Manager Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
ICICI Bank Area Credit Manager Salary - ₹5.2 Lakhs to ₹19.0 Lakhs per year

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

The estimated take-home salary of a Area Credit Manager at Kotak Mahindra Bank ranges between ₹98,038 per month to ₹1,00,696 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Area Credit Manager salary in India which ranges between ₹7.0 Lakhs to ₹18.0 Lakhs per year for employees with experience between 4 years to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Area Credit Managers in Mumbai reported a notice period of 3 Months.This is based on 6 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Area Credit Manager Salaries in Mumbai

Kotak Mahindra Bank Area Credit Manager salary in Mumbai ranges between ₹7 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.