Kotak Mahindra Bank Chief Manager Credit Salaries by 20+ Employees (Updated 2025)

6 - 12 years exp.

₹9 Lakhs - ₹22 Lakhs

Salary of majority employees

39% less than the average Chief Manager Credit Salary in Banking Companies for 6 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Credit Salary 6 - 12 years exp. (19 salaries)	₹9 L/yr - ₹19 L/yr
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Finance & Accounting Chief Manager Credit Salary 6 - 8 years exp. (3 salaries)	₹11 L/yr - ₹14.5 L/yr

Last Updated: 30 Jan 2024

Companies similar to Kotak Mahindra Bank for Chief Manager Credit

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Chief Manager Credit Salary 5 - 11 years exp. (5 salaries)	₹17.8 L/yr - ₹20.5 L/yr 33% more
State Bank of India Chief Manager Credit Salary 11 - 14 years exp. (4 salaries)	₹29 L/yr - ₹33 L/yr 107% more
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IDFC FIRST Bank Chief Manager Credit Salary 9 - 14 years exp. (5 salaries)	₹13 L/yr - ₹16.8 L/yr 2% more
Bank of Baroda Chief Manager Credit Salary 8 - 14 years exp. (24 salaries)	₹16.8 L/yr - ₹37 L/yr 102% more
Union Bank of India Chief Manager Credit Salary 12 - 19 years exp. (16 salaries)	₹18 L/yr - ₹35 L/yr 78% more
Central Bank of India Chief Manager Credit Salary 9 - 13 years exp. (5 salaries)	₹14 L/yr - ₹21 L/yr 17% more

Chief Manager Credit salary at Kotak Mahindra Bank ranges between ₹9 Lakhs to ₹22 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 27 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Chief Manager Credit salaries

Last Updated: 30 Jan 2024

Experience	Avg Annual Salary
6 years (4 salaries)	₹9 L/yr - ₹26.5 L/yr
7 years (7 salaries)	₹10.3 L/yr - ₹19 L/yr
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8 years (8 salaries)	₹11.4 L/yr - ₹20 L/yr
9 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹22 L/yr
10 years (3 salaries)	₹10.3 L/yr - ₹25.7 L/yr
11 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹25.5 L/yr
12 years (AmbitionBox Estimate)	₹11 L/yr - ₹25.3 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Relationship Manager Salary

(2.3k salaries)

₹1.6 L/yr - ₹10 L/yr

Credit Manager Salary

(1k salaries)

₹4 L/yr - ₹14.5 L/yr

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₹6.78 L/yr - ₹25.56 L/yr

Service Officer Salary

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Branch Relationship Manager Salary

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₹3 L/yr - ₹9.5 L/yr

Deputy Vice President Salary

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Branch Sales Manager Salary

(466 salaries)

₹3.3 L/yr - ₹11.3 L/yr

Credit Processing Associate Salary

(376 salaries)

₹1.68 L/yr - ₹4 L/yr

Senior Manager Credit Salary

(362 salaries)

₹6.5 L/yr - ₹16 L/yr

Service Delivery Officer Salary

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₹2.6 L/yr - ₹6.3 L/yr

Salary related reviews for Kotak Mahindra Bank

2.4

Rated by 5 employees for salary & benefits

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

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

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Cluster Head in Shivamogga

Full Time

Other Department

1.0

• posted on 15 Nov 2024

1.0

for Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

Service Officer in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 05 Feb 2024

1.0

for Salary and Benefits

Likes

All process al very smooth and cooperative staff

Dislikes

Too low salary increament and for promotion BM promote only his dear ones ...person who working hard for bank and vintage staff they simply ignore him while promotion and salary increament

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra Bank Chief Manager Credit Salary FAQs

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

Chief Manager Credit salary at Kotak Mahindra Bank in India ranges between ₹9.0 Lakhs to ₹22.0 Lakhs for experience between 6 years to 12 years. According to our estimates it is 39% less than the average Chief Manager Credit Salary in India. Salary estimates are based on 27 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Chief Manager Credit at Kotak Mahindra Bank is 39% less than the average salary of a Chief Manager Credit in India. To know exact salary insights, login to view.

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

State Bank of India Chief Manager Credit Salary - ₹29.0 Lakhs to ₹33.0 Lakhs per year
Bank of Baroda Chief Manager Credit Salary - ₹16.8 Lakhs to ₹37.0 Lakhs per year
Union Bank of India Chief Manager Credit Salary - ₹18.0 Lakhs to ₹35.0 Lakhs per year
ICICI Bank Chief Manager Credit Salary - ₹17.8 Lakhs to ₹20.5 Lakhs per year
Central Bank of India Chief Manager Credit Salary - ₹14.0 Lakhs to ₹21.0 Lakhs per year

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

IDFC FIRST Bank Chief Manager Credit Salary - ₹13.0 Lakhs to ₹16.8 Lakhs per year

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

The estimated take-home salary of a Chief Manager Credit at Kotak Mahindra Bank ranges between ₹99,885 per month to ₹1,02,603 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Chief Manager Credit salary in India which ranges between ₹9.0 Lakhs to ₹22.0 Lakhs per year for employees with experience between 6 years to 12 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the Kotak Mahindra Bank Chief Manager Credits reported a notice period of 1 Month, 50% 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 Chief Manager Credit Salaries

Kotak Mahindra Bank Chief Manager Credit salary in India ranges between ₹9 Lakhs to ₹22 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.