Kotak Mahindra Bank Assistant Vice President Credit Salaries by 4 Employees (Updated 2025)

10 - 12 years exp.

₹21.3 Lakhs - ₹29 Lakhs

Low Confidence

Salary of majority employees

11% more than the average Assistant Vice President Credit Salary in Banking Companies for 10 - 12 years of experience

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Last Updated: 13 Jul 2023

Companies similar to Kotak Mahindra Bank for Assistant Vice President Credit

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Vice President Credit Salary 4 - 16 years exp. (16 salaries)	₹15.5 L/yr - ₹33 L/yr At par
Axis Bank Assistant Vice President Credit Salary 1 - 18 years exp. (13 salaries)	₹19.1 L/yr - ₹32.2 L/yr 16% more
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State Bank of India Assistant Vice President Credit Salary 2 - 5 years exp. (3 salaries)	₹9 L/yr - ₹22 L/yr 43% less
IndusInd Bank Assistant Vice President Credit Salary 6 - 10 years exp. (4 salaries)	₹12 L/yr - ₹18 L/yr 34% less
Yes Bank Assistant Vice President Credit Salary 8 - 18 years exp. (5 salaries)	₹14.9 L/yr - ₹16.6 L/yr 31% less
Ujjivan Small Finance Bank Assistant Vice President Credit Salary 9 - 13 years exp. (4 salaries)	₹19 L/yr - ₹36 L/yr 1% less
Shinhan Bank Assistant Vice President Credit Salary 13 - 15 years exp. (3 salaries)	₹15.4 L/yr - ₹21 L/yr 24% less

Assistant Vice President Credit salary at Kotak Mahindra Bank ranges between ₹21.3 Lakhs to ₹29 Lakhs per year for employees with experience between 10 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Assistant Vice President Credit salaries

Last Updated: 13 Jul 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹21.3 L/yr - ₹29 L/yr
11 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹42.2 L/yr
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12 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹22.5 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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Salary related reviews for Kotak Mahindra Bank

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 more

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

Skill development - Good

+2 more

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.

Salary - Bad

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.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

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.

Skill development - Good

+1 more

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.

Work satisfaction - Bad

+2 more

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.

Job security - Good

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.

Salary - Poor

+4 more

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra Bank Assistant Vice President Credit Salary FAQs

What is the salary of Assistant Vice President Credit at Kotak Mahindra Bank?

Assistant Vice President Credit salary at Kotak Mahindra Bank in India ranges between ₹21.3 Lakhs to ₹29.0 Lakhs for experience between 10 years to 12 years. According to our estimates it is 11% more than the average Assistant Vice President Credit 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 Assistant Vice President Credit at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Assistant Vice President Credit at Kotak Mahindra Bank is 11% more than the average salary of a Assistant Vice President Credit in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Assistant Vice President Credit in India?

Axis Bank Assistant Vice President Credit Salary - ₹19.1 Lakhs to ₹32.2 Lakhs per year
HDFC Bank Assistant Vice President Credit Salary - ₹15.5 Lakhs to ₹33.0 Lakhs per year

What is the salary of a Assistant Vice President Credit in companies similar to Kotak Mahindra Bank in India?

Ujjivan Small Finance Bank Assistant Vice President Credit Salary - ₹19.0 Lakhs to ₹36.0 Lakhs per year
Shinhan Bank Assistant Vice President Credit Salary - ₹15.4 Lakhs to ₹21.0 Lakhs per year
Yes Bank Assistant Vice President Credit Salary - ₹14.9 Lakhs to ₹16.6 Lakhs per year
IndusInd Bank Assistant Vice President Credit Salary - ₹12.0 Lakhs to ₹18.0 Lakhs per year
State Bank of India Assistant Vice President Credit Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year

What is the estimated take home salary of a Assistant Vice President Credit at Kotak Mahindra Bank in India?

The estimated take-home salary of a Assistant Vice President Credit at Kotak Mahindra Bank ranges between ₹1,50,220 per month to ₹1,55,875 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Assistant Vice President Credit salary in India which ranges between ₹21.3 Lakhs to ₹29.0 Lakhs per year for employees with experience between 10 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Assistant Vice President Credit at Kotak Mahindra Bank?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Assistant Vice President Credits reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Assistant Vice President Credit Salaries

Kotak Mahindra Bank Assistant Vice President Credit salary in India ranges between ₹21.3 Lakhs to ₹29 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.