Kotak Mahindra Bank Chief Credit Manager Salaries by 8 Employees (Updated 2025)

6 - 9 years exp.

₹10 Lakhs - ₹14 Lakhs

Low Confidence

Salary of majority employees

22% less than the average Chief Credit Manager Salary in Banking Companies for 6 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Credit Manager Salary 7 - 8 years exp. (5 salaries)	₹10 L/yr - ₹13.8 L/yr
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Finance & Accounting Chief Credit Manager Salary 6 years exp. (AmbitionBox Estimate)	₹11.3 L/yr - ₹12.2 L/yr

Last Updated: 13 Jun 2023

Companies similar to Kotak Mahindra Bank for Chief Credit Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Chief Credit Manager Salary 5 - 13 years exp. (7 salaries)	₹16 L/yr - ₹25 L/yr 75% more
IndusInd Bank Chief Credit Manager Salary 5 - 21 years exp. (4 salaries)	₹8.9 L/yr - ₹21 L/yr At par
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Punjab National Bank Chief Credit Manager Salary 10 - 12 years exp. (4 salaries)	₹36 L/yr - ₹40 L/yr 210% more
Purple Finance Chief Credit Manager Salary 9 - 12 years exp. (3 salaries)	₹12 L/yr - ₹17.5 L/yr 12% more
Kotak Mahindra Prime Chief Credit Manager Salary 7 - 8 years exp. (3 salaries)	₹8.5 L/yr - ₹13.6 L/yr 4% less

Chief Credit Manager salary at Kotak Mahindra Bank ranges between ₹10 Lakhs to ₹14 Lakhs per year for employees with experience between 6 years to 9 years. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Chief Credit Manager salaries

Last Updated: 13 Jun 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹22.3 L/yr
7 years (3 salaries)	₹10 L/yr - ₹13 L/yr
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8 years (3 salaries)	₹11 L/yr - ₹13.8 L/yr
9 years (AmbitionBox Estimate)	₹5 L/yr - ₹14 L/yr

From

Chief Credit Manager

₹

Lakhs/yr

6 - 9 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 25 years exp.

Chief Credit Manager 6 - 9 years exp.

Associate Vice President 3 - 21 years exp.

65% hike

Vice President 12 - 21 years exp.

99% hike

Similar Designation salaries in Kotak Mahindra Bank

Area Credit Manager Salary

(94 salaries)

₹6.5 L/yr - ₹24 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹30.5 L/yr - ₹42.5 L/yr

Cluster Credit Manager Salary

(4 salaries)

₹7 L/yr - ₹13.5 L/yr

Branch Credit Manager Salary

(20 salaries)

₹4.85 L/yr - ₹9.5 L/yr

Credit Manager Salary

(1k salaries)

₹4 L/yr - ₹14.5 L/yr

Deputy Credit Manager Salary

(22 salaries)

₹3.75 L/yr - ₹6 L/yr

Regional Credit Manager Salary

(27 salaries)

₹16.2 L/yr - ₹30 L/yr

Chief Manager Salary

(1.1k salaries)

₹8.8 L/yr - ₹29 L/yr

Assistant Credit Manager Salary

(24 salaries)

₹2 L/yr - ₹4.1 L/yr

Senior Credit Officer Salary

(3 salaries)

₹2.8 L/yr - ₹3.4 L/yr

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

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

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.

Work-life balance - Good

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.

Skill development - Poor

+1 more

see more salary related reviews

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Chief Credit Manager Salary FAQs

What is the salary of Chief Credit Manager at Kotak Mahindra Bank?

Chief Credit Manager salary at Kotak Mahindra Bank in India ranges between ₹10.0 Lakhs to ₹14.0 Lakhs for experience between 6 years to 9 years. According to our estimates it is 22% less than the average Chief Credit Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Chief Credit Manager at Kotak Mahindra Bank is 22% less than the average salary of a Chief Credit Manager in India. To know exact salary insights, login to view.

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

Punjab National Bank Chief Credit Manager Salary - ₹36.0 Lakhs to ₹40.0 Lakhs per year
ICICI Bank Chief Credit Manager Salary - ₹16.0 Lakhs to ₹25.0 Lakhs per year
Purple Finance Chief Credit Manager Salary - ₹12.0 Lakhs to ₹17.5 Lakhs per year

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

IndusInd Bank Chief Credit Manager Salary - ₹8.9 Lakhs to ₹21.0 Lakhs per year
Kotak Mahindra Prime Chief Credit Manager Salary - ₹8.5 Lakhs to ₹13.6 Lakhs per year

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

The estimated take-home salary of a Chief Credit Manager at Kotak Mahindra Bank ranges between ₹88,044 per month to ₹90,354 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Chief Credit Manager salary in India which ranges between ₹10.0 Lakhs to ₹14.0 Lakhs per year for employees with experience between 6 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Chief Credit Manager at Kotak Mahindra Bank?

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

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Kotak Mahindra Bank Chief Credit Manager Salaries

Kotak Mahindra Bank Chief Credit Manager salary in India ranges between ₹10 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.