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Kotak Mahindra Bank Cluster Credit Manager salaries in India

Annual salary range
2 - 13 years exp.
₹7 Lakhs - ₹13.5 Lakhs
Low Confidence
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At par with the average Cluster Credit Manager Salary in Banking Companies for 2 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Credit Manager Salary
2 years exp. (AmbitionBox Estimate)
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₹7.2 L/yr - ₹8.9 L/yr

Risk Management & Compliance
Cluster Credit Manager Salary
13 years exp. (AmbitionBox Estimate)
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₹11.9 L/yr - ₹14.6 L/yr

Last Updated: 30 Sep 2024

Companies similar to Kotak Mahindra Bank for Cluster Credit Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Cluster Credit Manager Salary

1 - 7 years exp. (5 salaries)

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₹3.6 L/yr - ₹9.8 L/yr

arrow icon 37% less
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ICICI Bank Cluster Credit Manager Salary

3 - 8 years exp. (3 salaries)

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₹7.3 L/yr - ₹11.5 L/yr

arrow icon 8% less
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Axis Bank Cluster Credit Manager Salary

4 - 15 years exp. (4 salaries)

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₹2.3 L/yr - ₹12 L/yr

arrow icon 32% less
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IndusInd Bank Cluster Credit Manager Salary

5 - 10 years exp. (5 salaries)

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₹11 L/yr - ₹15.5 L/yr

arrow icon 31% more
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IDFC FIRST Bank Cluster Credit Manager Salary

6 - 13 years exp. (92 salaries)

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₹5.8 L/yr - ₹20 L/yr

arrow icon 28% more
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RBL Bank Cluster Credit Manager Salary

5 - 16 years exp. (15 salaries)

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₹5.6 L/yr - ₹12 L/yr

arrow icon 17% less
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Bandhan Bank Cluster Credit Manager Salary

4 - 7 years exp. (4 salaries)

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₹6 L/yr - ₹8 L/yr

arrow icon 32% less
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₹4.4 L/yr - ₹12.9 L/yr

arrow icon 13% less
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₹5.4 L/yr - ₹10.1 L/yr

arrow icon 19% less
Cluster Credit Manager salary at Kotak Mahindra Bank ranges between ₹7 Lakhs to ₹13.5 Lakhs per year for employees with experience between 2 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Cluster Credit Manager

3mo ago
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13 years exp.
1y ago
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2 years exp.
1y ago
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5 years exp.

Experience wise Kotak Mahindra Bank Cluster Credit Manager salaries

Last Updated: 30 Sep 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.3 L/yr
5 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹8 L/yr
8 years (AmbitionBox Estimate)

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₹12.2 L/yr - ₹15.5 L/yr
13 years (AmbitionBox Estimate)

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₹11.9 L/yr - ₹15.2 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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₹6.5 L/yr - ₹24.5 L/yr
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₹3.75 L/yr - ₹6 L/yr
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₹4.85 L/yr - ₹9.5 L/yr
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₹30.5 L/yr - ₹42.5 L/yr
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₹2 L/yr - ₹4.1 L/yr
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₹16.2 L/yr - ₹30 L/yr
Credit Manager Salary
(1k salaries)
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₹3.75 L/yr - ₹14.5 L/yr
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₹2.8 L/yr - ₹3.4 L/yr
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₹1.5 L/yr - ₹10 L/yr
Chief Manager Salary
(877 salaries)
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₹8.8 L/yr - ₹28 L/yr
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Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 08 Feb 2025

3.0
 for  Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

  • Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

read more
  • Work satisfaction - Poor
  • +2 more

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.

read more
  • Salary - Bad

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.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more

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.

read more
  • 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.

read more
  • Work satisfaction - Bad
  • +2 more

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.

read more
  • Salary - Poor
  • +4 more
see more salary related reviews

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Kotak Mahindra Bank Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at Kotak Mahindra Bank?
Cluster Credit Manager salary at Kotak Mahindra Bank in India ranges between ₹7.0 Lakhs to ₹13.5 Lakhs for experience between 2 years to 13 years. According to our estimates it is 3% more than the average Cluster Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank India.
How does the salary of a Cluster Credit Manager at Kotak Mahindra Bank India compare with the average salary range for this job?
The average salary of a Cluster Credit Manager at Kotak Mahindra Bank is 3% more than the average salary of a Cluster Credit Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindra Bank to a Cluster Credit Manager in India?
  • IndusInd Bank Cluster Credit Manager Salary - ₹11.0 Lakhs to ₹15.5 Lakhs per year
  • IDFC FIRST Bank Cluster Credit Manager Salary - ₹5.8 Lakhs to ₹20.0 Lakhs per year
What is the salary of a Cluster Credit Manager in companies similar to Kotak Mahindra Bank in India?
  • ICICI Bank Cluster Credit Manager Salary - ₹7.3 Lakhs to ₹11.5 Lakhs per year
  • Ujjivan Small Finance Bank Cluster Credit Manager Salary - ₹4.4 Lakhs to ₹12.9 Lakhs per year
  • RBL Bank Cluster Credit Manager Salary - ₹5.6 Lakhs to ₹12.0 Lakhs per year
  • Jana Small Finance Bank Cluster Credit Manager Salary - ₹5.4 Lakhs to ₹10.1 Lakhs per year
  • Axis Bank Cluster Credit Manager Salary - ₹2.3 Lakhs to ₹12.0 Lakhs per year
What is the estimated take home salary of a Cluster Credit Manager at Kotak Mahindra Bank in India?
The estimated take-home salary of a Cluster Credit Manager at Kotak Mahindra Bank ranges between ₹75,137 per month to ₹77,083 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Cluster Credit Manager salary in India which ranges between ₹7.0 Lakhs to ₹13.5 Lakhs per year for employees with experience between 2 years to 13 years. Check how did we calculate take home salary?
What is the notice period for Cluster Credit Manager at Kotak Mahindra Bank?
According to AmbitionBox, 100% of the Kotak Mahindra Bank Cluster Credit Managers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Cluster Credit Manager salary in India ranges between ₹7 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.