Kotak Mahindra Bank Chief Manager salaries in Mumbai (Updated 2025)

Likes

In the right departments, under the right boss, you can have good work life balance. Usually work is recognised without much showmanship and you'll get atleast a basic fair appraisal if not a good one.

Dislikes

Salaries and hikes are seriously low compared to competition. Because of this reason, they have high attrition yet they refuse to revise pay scales. Promotions and high appraisals are very hard to come by; work is not enough to get these, you have to be in the good books of upper management; who are usually not objective when judging work. A lot of favouritism is practiced. Top and middle management layer is very very lazy. All they do is attend meetings, and dispense ideas and work onto juniors, without giving a thought to the practicality of execution. It is left up to the junior working layer 'how' to do something. Management will only tell you 'what' is to be done. You will get no help or training in the 'how' part.

Likes

...e respect each one in our team also team appraises each one of us for our tasks. Salary and benefits are totally on negotiation with HR that i don't want to comment. But once you are in it is your work which gives you recognition, it is a pull based company where your seniors will try to lift you based on your work.

Dislikes

Till this point of time didn't faced any such problem.

Likes

There is great job security at Kotak. Even in pandemic they haven't fired any employee and gave timely salary.

Dislikes

Promotion to next level takes little extra time. If employee is very good then he should be promoted basis his performance and not as per standard process.

Likes

One can gain knowlege and exposure on good banking systems but process is very difficult. Apart from that nothing is advantage to work with kotak. Good bank for beginners.

Dislikes

...process is more important then why hectic business pressure...cant understand. Even for passing irda/amfi this bank is not paying any reimbursements where all banks pay for it bec the Register code is with the bank immun not individual.

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.