Top skills at Kotak Mahindra Bank for Business Banking Executive
Sales
Current Account
Business Banking
Current Account
Retail Liabilities
Sales
Customer Acquisition
Business Banking
Insurance
Casa
CASA
Customer Acquisition
Networking Skills
Customer Retention
Revenue Generation
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.
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.
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.
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.
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.