Kotak Mahindra Bank Associate Vice President Credit Salaries by 5 Employees (Updated 2025)

8 - 15 years exp.

₹13.5 Lakhs - ₹21.7 Lakhs

Low Confidence

Salary of majority employees

25% less than the average Associate Vice President Credit Salary in Banking Companies for 8 - 15 years of experience

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Last Updated: 31 Jul 2024

Companies similar to Kotak Mahindra Bank for Associate Vice President Credit

Company name	Avg Annual Salary	Open Jobs
Federal Bank Associate Vice President Credit Salary 11 - 13 years exp. (3 salaries)	₹25 L/yr - ₹34.5 L/yr 79% more
Oaknorth Bank Associate Vice President Credit Salary 7 - 13 years exp. (7 salaries)	₹22 L/yr - ₹35 L/yr 74% more
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TVS Credit Associate Vice President Credit Salary 19 - 21 years exp. (4 salaries)	₹26.1 L/yr - ₹29 L/yr 65% more
Unity Bank Associate Vice President Credit Salary 9 - 11 years exp. (3 salaries)	₹21.5 L/yr - ₹25.5 L/yr 44% more

Associate Vice President Credit salary at Kotak Mahindra Bank ranges between ₹13.5 Lakhs to ₹21.7 Lakhs per year for employees with experience between 8 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Associate Vice President Credit salaries

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹17 L/yr
9 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹18.5 L/yr
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10 years (AmbitionBox Estimate)	₹14.7 L/yr - ₹18.8 L/yr
11 years (AmbitionBox Estimate)	₹15 L/yr - ₹19.1 L/yr
12 years (AmbitionBox Estimate)	₹15.2 L/yr - ₹19.4 L/yr
13 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹30.9 L/yr
14 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
15+ years (AmbitionBox Estimate)	₹7.1 L/yr - ₹21.7 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Associate Vice President Salary

(1.5k salaries)

₹10 L/yr - ₹36 L/yr

Assistant Vice President Salary

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₹11.5 L/yr - ₹36 L/yr

Deputy Vice President Salary

(479 salaries)

₹13 L/yr - ₹47 L/yr

Associate Director Salary

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₹24 L/yr - ₹55 L/yr

Credit Assessment Officer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Credit Underwriter Salary

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₹1.75 L/yr - ₹8.45 L/yr

Senior Credit Analyst Salary

(29 salaries)

₹8 L/yr - ₹18 L/yr

Area Credit Manager Salary

(96 salaries)

₹6.5 L/yr - ₹24 L/yr

Credit Processing Associate Salary

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₹1.68 L/yr - ₹4.05 L/yr

Branch Credit Manager Salary

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₹4.85 L/yr - ₹9.5 L/yr

Salary related reviews for Kotak Mahindra Bank

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+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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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Associate Vice President Credit Salary FAQs

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

Associate Vice President Credit salary at Kotak Mahindra Bank in India ranges between ₹13.5 Lakhs to ₹21.7 Lakhs for experience between 8 years to 15 years. According to our estimates it is 25% less than the average Associate Vice President Credit Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Associate Vice President Credit at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Associate Vice President Credit at Kotak Mahindra Bank is 25% less than the average salary of a Associate 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 Associate Vice President Credit in India?

Federal Bank Associate Vice President Credit Salary - ₹25.0 Lakhs to ₹34.5 Lakhs per year
Oaknorth Bank Associate Vice President Credit Salary - ₹22.0 Lakhs to ₹35.0 Lakhs per year
TVS Credit Associate Vice President Credit Salary - ₹26.1 Lakhs to ₹29.0 Lakhs per year
Unity Bank Associate Vice President Credit Salary - ₹21.5 Lakhs to ₹25.5 Lakhs per year

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

The estimated take-home salary of a Associate Vice President Credit at Kotak Mahindra Bank ranges between ₹1,13,865 per month to ₹1,17,035 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Associate Vice President Credit salary in India which ranges between ₹13.5 Lakhs to ₹21.7 Lakhs per year for employees with experience between 8 years to 15 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 63% of the Kotak Mahindra Bank Associate Vice President Credits reported a notice period of 3 Months, 25% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Associate Vice President Credit Salaries

Kotak Mahindra Bank Associate Vice President Credit salary in India ranges between ₹13.5 Lakhs to ₹21.7 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.