Kotak Mahindra Bank Area Recovery Manager Salaries by 4 Employees (Updated 2024)

11 - 23 years exp.

₹9 Lakhs - ₹17 Lakhs

Low Confidence

Salary of majority employees

59% more than the average Area Recovery Manager Salary in Banking Companies for 11 - 23 years of experience

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Salaries in different departments

Risk Management & Compliance Area Recovery Manager Salary 22 - 23 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹17 L/yr
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BFSI, Investments & Trading Area Recovery Manager Salary 11 years exp. (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.3 L/yr

Last Updated: 5 Dec 2024

Companies similar to Kotak Mahindra Bank for Area Recovery Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Area Recovery Manager Salary 6 - 18 years exp. (3 salaries)	₹6.5 L/yr - ₹9 L/yr 41% less
IDFC FIRST Bank Area Recovery Manager Salary 7 - 16 years exp. (10 salaries)	₹9.5 L/yr - ₹16.5 L/yr 5% less
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Bandhan Bank Area Recovery Manager Salary 8 - 19 years exp. (7 salaries)	₹6.6 L/yr - ₹10 L/yr 41% less
Piramal Capital Housing Finance Area Recovery Manager Salary 12 - 19 years exp. (15 salaries)	₹6.5 L/yr - ₹13.2 L/yr 21% less
Cholamandalam Investment & Finance Area Recovery Manager Salary 5 - 11 years exp. (7 salaries)	₹5.7 L/yr - ₹9.3 L/yr 51% less

Area Recovery Manager salary at Kotak Mahindra Bank ranges between ₹9 Lakhs to ₹17 Lakhs per year for employees with experience between 11 years to 23 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Area Recovery Manager salaries

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
14 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
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15+ years (AmbitionBox Estimate)	₹14.9 L/yr - ₹19 L/yr

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Top skills at Kotak Mahindra Bank for Area Recovery Manager

Recovery Management

Salary related reviews for Kotak Mahindra Bank

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.

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

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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

3 participants . expiring in 2w

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Kotak Mahindra Bank Area Recovery Manager Salary FAQs

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

Area Recovery Manager salary at Kotak Mahindra Bank in India ranges between ₹9.0 Lakhs to ₹17.0 Lakhs for experience between 11 years to 23 years. According to our estimates it is 59% more than the average Area Recovery Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Area Recovery Manager at Kotak Mahindra Bank is 59% more than the average salary of a Area Recovery Manager in India. To know exact salary insights, login to view.

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

Recovery Management is a popular skill required to work as a Area Recovery Manager at Kotak Mahindra Bank.

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

IDFC FIRST Bank Area Recovery Manager Salary - ₹9.5 Lakhs to ₹16.5 Lakhs per year
Piramal Capital Housing Finance Area Recovery Manager Salary - ₹6.5 Lakhs to ₹13.2 Lakhs per year
Bandhan Bank Area Recovery Manager Salary - ₹6.6 Lakhs to ₹10.0 Lakhs per year
HDFC Bank Area Recovery Manager Salary - ₹6.5 Lakhs to ₹9.0 Lakhs per year
Cholamandalam Investment & Finance Area Recovery Manager Salary - ₹5.7 Lakhs to ₹9.3 Lakhs per year

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

The estimated take-home salary of a Area Recovery Manager at Kotak Mahindra Bank ranges between ₹96,220 per month to ₹98,820 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Area Recovery Manager salary in India which ranges between ₹9.0 Lakhs to ₹17.0 Lakhs per year for employees with experience between 11 years to 23 years. Check how did we calculate take home salary?

What is the notice period for Area Recovery Manager at Kotak Mahindra Bank?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Area Recovery Managers reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Area Recovery Manager Salaries

Kotak Mahindra Bank Area Recovery Manager salary in India ranges between ₹9 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.